Question 4 [30 points] During 2014, XYZ Corporation sold 300 units of its product on May 3 and 200 units on November 9, all at a price of $155.00 per unit. XYZ Corporation began the year with, and made successive purchases of the product as follows: Beginning Inventory: 300 units @ $102/unit Purchase on January 2: 450 units @ $111/unit Purchase on August 31: 300 units @ $102/unit Given that XYZ 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 XYZ Corporation uses the FIFO inventory system. (select one) Income Statement (select one) ........ Account Cost of goods sold. Income taxes expense... Interest earned Interest expense Office salaries expense.. Office supplies expense Rent earned Rent expense, office space. Rent expense, selling space... Sales Sales discounts Sales returns and allowances Sales salaries expense... Store supplies expense Balance ??? 3,150 13,500 37,500 8,900 15,500 81,500 2,100 2,600 ??? 700 3,750 16,100 16,800