Required information

[The following information applies to the questions displayed below.] Toys R Us sells a variety of childrens toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2021.

Sales revenue	$	68,800		Inventory (Mar. 31, 2021)	$	1,200
Advertising expense		4,700		Insurance expense		1,450
Rent expense		2,600		Sales discounts		2,150
Gain on sale of building		5,800		Salaries expense		7,700
Inventory (Mar. 1, 2021)		1,950		Income tax expense		2,500
Cost of goods sold		34,950

Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021.

Required information [The following information applies to the questions displayed below.] Toys"R"Us sells a variety of children's toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2021. Sales revenue Advertising expense Rent expense Gain on sale of building Inventory (Mar. 1, 2021) Cost of goods sold $68,800 4,700 2,600 5,800 1,950 34,950 Inventory (Mar. 31, 2021) Insurance expense Sales discounts Salaries expense Income tax expense $1,200 1,450 2,150 7,700 2,500 Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021. TOYS "R"US Multiple-step Income Statement For the month of March 2021 Net sales: Total sales revenue Net sales revenue Operating expenses: Total Operating income Non-operating items: Total