Question 3 Presented below is information for Sheridan Company for the month of March 2017 Purchases $207,666 Rent expense $ 31,000 Freight-in 8,000 Sales discounts 9,000 Purchase returns and allowances 7,000 Sales returns and allowances 13,000 Salaries and wages expense 57,000 Sales revenue 348,000 Beginning inventory was $45,000, and ending Inventory was $61,000. (a) Prepare a multiple-step income statement. SHERIDAN COMPANY Income Statement $ $ $ > Click if you would like to Show Work for this question: Osn Show Work