Return [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. of 3 Sales revenue Advertising expense Rent expense Gain on sale of building Inventory (Mar. 1, 2021) Cost of goods sold $76,300 6,200 4,100 7,300 2,789 35,700 Inventory (Mar 31, 2021) Insurance expense Sales discounts Salaries expense Income tax expense $1,200 2,200 2,900 9.200 4,000 2:19:35 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 $ 76,300 Less: Sales discounts 2.900 Net sales revenue $ 73.400 35,700 Cost of goods sold > 37.700 O Gross profit Operating expenses Rent expense Advertising expense Insurance expense Salaries expenso 4,100 6 200 2.200 9.200 21 700 16 000 Total Operating income Non-operating items Next > 1 3 of 3 Prey 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 $ 76,300 Less: Sales discounts 2,900 Net sales revenue $ 73,400 Cost of goods sold 35,700 S 37.700 4.100 Gross profit Operating expenses Rent expense Advertising expense Insurance expense Salaries expense ololo 6.200 2.200 9,200 BIO 21.700 16,000 Total Operating income Non-operating items Gain on sale of building 7.300 Total Income before income taxes 23.300 21.700 4.000 Income tax expense Next 1 2 3 Prey