signments/351802 Kimmel, Financial Accounting, 8e Help I System Announcements Exercise 5-6 Presented below is information for Sandhill Co. for the month of January 2017. $207,300 Rent expense Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense 9,300 Sales discounts 14,400 Sales returns and allowances 60,800 Sales revenue $34,200 8,600 19,600 400,000 5,300 Other comprehensive income (net of $400 tax) 2,000 Prepare an income statement using the multi-step format. SANDHILL CO Income Statement For the Month Ended January 31, 2017