Reed Company had the following account balances for the current year. Prepare a multiple-step income statement. U Accounts Receivable $ 26,000 Cost of Goods Sold 63,400 Dividends 22,900 General and Administrative 8,200 Expenses Inventory 33,200 Sales 96,900 Sales Discounts 4,600 Sales Returns and Allowances 4,200 Selling Expenses 9,500 Revenues: undefined Net Sales undefined Gross Profit Operating Expenses: undefined Total Operating Expenses Net Income Reed Company Income Statement For Year Ended, December 31