Required information [The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense $13,100 Sales revenue $66,800 Inventory (July 1, 2021) 2,000 Interest income 2,700 Sales returns 1,100 Cost of goods sold 28,400 Utilities expense 3,300 Rent expense 6,100 Income tax expense 5,400 Interest expense 400 Inventory (July 31, 2021) 1,100 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021. BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales: Total sales revenue Less: Sales returns Net sales revenue Cost of goods sold Gross profit Operating expenses: $ 66,800 1,100 65,700 28.400 Rent expense 6,100 Salaries expense 13.100 37,300