Question $17$ of $17$

$\frac{-}{10}$

The adjusted trial balance of Wildhorse Company contained the following information:

$\backslash$table$[[,$Debit,Credit$],[$Sales Revenue,$$646,600,],[$Sales Returns and Allowances,$$14,640,],[$Sales Discounts,$8,540,],[$Cost of Goods Sold,$387,960,],[$Freight$-$Out,$2,440,],[$Advertising Expense,$18,300,],[$Interest Expense,$15,860,],[$Salaries and Wages Expense,$109,800,],[$Utilities Expense,$28,060,],[$Depreciation Expense,$14,640,],[$Interest Revenue,,$]]$

$($a$)$

Use the above information to prepare a multiple$-$step income statement for the year ended December $31,2020.$

WILDHORSE COMPANY

Income Statement