Question 7 of 11 < > Presented below is information for Carla Vista Co. for the month of January 2025. Cost of goods sold $220,820 Rent expense $33,000 Freight-out 9.500 Sales discounts 8,000 Insurance expense 13,400 Sales returns and allowances 20,000 Salaries and wages expense 63,100 Sales revenue 390,000 Income tax expense 7,700 Prepare a multiple-step income statement. CARLA VISTA CO. Income Statement -/3 E