Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. $ 950 4,000 3,500 900 450 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 900 13,000 60,000 3,000 4,500 Required: Prepare a multiple-step income statement for the year ended December 31. 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 Total general and administrative expenses Total expenses Net income