Selected items from the December 31, 2021 trial balance for Randolph Industries is shown below. December 31 is Randolph's fiscal year end. Randolph Industries, Inc. Partial Trial Balance December 31, 2021 Debit Credit Accounts Payable $260,000 Accounts Receivable $203,000 $212,000 Accumulated Depreciation - Equipment Buildings Cash $203,000 $267,000 Common Stock $300,000 Cost of Goods Sold Depreciation Expense - Equipment Equipment Income Tax Expense Insurance Expense Interest Expense Inventory Prepaid Insurance Rent Expense Repairs and Maintenance Expense Retained Earnings $2,101,000 $20,000 $607,000 $172,250 $6,000 $35,000 $560,000 $29,000 $27,000 $11,000 $291,250 Salaries and Wages Expense $15,000 Sales Discounts $64,000 $161,000 Sales Returns and Allowances Sales Revenue $3,233,000 Supplies $6,000 Supplies Expense $17,000 Utilities Expense $22,000 (a) Prepare an income statement with proper title in multi-step form. Format for multi-step income statement: (40 points)