Rif Assignment Gradebook oRIO Exercise 253 McCoy Com pany had the following normal account balances on selected accounts: Debit Credit Sales Revenue $645,000 Sales Returns and Allowances $50,000 9,500 396,000 2,000 15,000 19,000 Salaries and Wages Exnse84,000 23,000 3,500 Sales Discounts Cost of Goods Sold Freight-Out Advertising Expense Interest Expense Utilities Expense Depreciation Expense Interest Revenue 25,000 Use the above information to prepare a multiple-step income statement for the ye MCCOY COMPANY Income Statement All Rights Reserved. A Division of John W