Required 1 Required Required 3 Prepare a multiple-step income statement for fiscal year 2017. NELSON COMPANY Income Statement For Year Ended January 31, 2017 Sales 116,400 Os 2,0000 Less: Sales discounts Less: Sales returns and allowances2,1504,150 112,250 21,900 90,350 Net sales Cost of goods sold Gross profit Selling expenses OS 1,575 .. 13,2500 Sales salaries expense Store supplies expense Advertising expense 950 Oll19.800