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 Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $12,600 Sales revenue 1,750 Interest income 1,080 Cost of goods sold 3,950 Rent expense 4,980 Interest expense Inventory (July 31, 2021) $64,300 2,200 28,150 5,600 300 1,089 Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021 Required: 1. Prepare a multiple step income statement for the month ended July 31, 2021. BARRONIN Multiple step income Statement For the month of July 2021 Net sales: Total sales revenue $ 64,300 | Less: Sales retums 1,000) Net sales revenue Cost of goods sold 63,300 28,150 Operating expenses: Utilities expense Rent expense 3,050 5,600 Total Oneration income 8,650 Required information 8,650 Total Operating income Non-operating items: Interest income Interest expense 2,200 300 1,900 Total Income before income taxes Income tax expense 4,900 Net income