Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. 3 $ 8 01:21:42 Sales discounts Office salaries expense Rent expense-Office space Advertising expense Sales returns and allowances Office supplies expense Cost of goods sold Sales Insurance expense Sales staff salaries 780 2,309 1,800 560 280 560 9,600 26,000 1,380 2,800 Print Required: Prepare a multiple-step Income statement for the year ended December 31, $ 26,000 280 780 Save-the-Earth Co. Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances $ Less: Sales discounts Net sales Cost of goods sold Gross profit Expenses Selling expenses 1,060 24,940 9,600 15,340 $ 26,000 280 780 28 1,060 24,940 9,600 15,340 Save-the-Earth Co. Income Statement For Year Ended December 31 Sales Less: Sales returns and allowances $ Less: Sales discounts Net sales Cost of goods sold Gross profit Expenses Selling expenses Rent expense-Office space Sales staff salaries Advertising expense Total selling expenses General and administrative expenses Office supplies expense Insurance expense Office salaries expense 1,800 2,800 560 5,160 560 1,300 2,300 4,160 Total general and administrative expenses Total expenses Net income 9,320 6,020 $