Question #2: (5.5) Presented below is information for Pacific Company for the month of January 2022. Cost of goods sold $280,000 Rent expense $35,000 Freight-out 7,000 Loss on asset disposal 1,000 Insurance expense 12,000 Sales returns and allowances 21,000 Salaries and wages expense 42,000 Sales revenue 421,000 Interest expense 2,000 Tax expense 7,000 Required: Prepare, in good form, a multiple-step income statement