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1. Use the following information to prepare a multiste a multistep income statement for Borik Inc., for the year ended December 31, 2020 Il brie .01 l Etsicid1291 Legil Warranty Expense Sales Salaries Expense Advertising Expense Loss on Sale of Truck Interest Revenue TO 2,300 Administrative Expense 20,700 596,350 Cost of Goods Sold 399,250 36,000 Utilities Expense 9,500 25,000 Rent Expense 30,000 5,000 -- MUncollectable Account Expense 6,600 6,000 Interest Expense 10,000 Multistep income statement: [45 Points)