Question 4 [30 points] During 2014, United Corporation sold 100 units of its product on February 12 and 200 units on October 12, all at a price of $115.00 per unit. United Corporation began the year with, and made successive purchases of the product as follows: Beginning Inventory: Purchase on March 20: 200 units @ $85/unit 150 units @ $92/unit Purchase on September 9: 150 units @ $84/unit Given that United Corporation employs a perpetual inventory system, use the above information and the selected account balances at year- end shown below to prepare a multiple-step income statement for the year ended December 31, 2014. Assume that United Corporation uses the FIFO inventory system. Account Cost of goods sold Income taxes expense (select one) Income Statement (select one) Balance ??? 11,388 Interest earned 37,000 Interest expense 37,000 Office salaries expense 12,400 Rent earned 109,500 Rent expense, office space 12,100 Sales ??? Sales discounts 210 Sales returns and allowances 1,150 Store supplies expense 35,000