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 $73,300 5,600 3,500 6,700 2,400 35, 400 Inventory (Mar. 31, 2021) Insurance expense Sales discounts Salaries expense Income tax expense $1,200 1,900 2,600 8,600 3,400 Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021. Answer is not complete. TOYS"R"US Multiple-step Income Statement For the month of March 2021 Net sales: Total sales revenue 73,300 Less: Sales discounts 2,600 Net sales revenue Cost of goods sold 70,700 35,400 35,300 Gross profit Operating expenses: Rent expenses Advertising expense Insurance expense Salaries expense olololo 3.500 5,600 1,900 8,600 + LENSES Total Operating income Non-operating items: Gain on sale of building 19,600 15,700 V 6.700 0 Total Income before income taxes 22,400 19,000