Save$-$the$-$Earth Co$.$ reports the following income statement accounts for the year ended December $31.$

$\backslash$table$[[$Sales discounts,$850],[$office salaries expense,$3,000],[$Rent expense$-$office space,$2,500],[$Advertising expense,$700],[$Sales returns and allowances,$350],[$office supplies expense,$700],[$Cost of goods sold,$11,000],[$Sales$,40,000],[$Insurance expense,$2,000],[$Sales staff salaries,$3,500]]$

Required:

Prepare a multiple$-$step income statement for the year ended December $31.$