QUESTION 21 Not yet answered Marked out of 14.00Flag question Multi-step Income Statement From the following accounts, listed in alphabetical order, prepare a multi- step income statement for Kokomo Wholesale for the year ended December 31. All accounts have normal balances. Selling. General and Administrative Expense $231,000 Cost of Goods Sold Interest Expense Sales Revenue Income Tax Expense 12,000 10,000 KOKOMO WHOLESALE Income Statement For the Year Ended December 31 Gross Profit on Sales Operating Expenses 3 on 888 FS F8 3 9 KOKOMO WHOLESALE Income Statement For the Year Ended December 31 Gross Profit on Sales Operating Expenses Income from Operations Other Income and Expense Income before Income Taxes Net income 3