The adjusted trial balance columns of Fiona Company, a cupcake caterer, for the year ended December 31, 2017, are as follows: Debit($) Cash 14,500 Accounts Receivable 11,100 Inventory 29,000 Prepaid Insurance 2,500 Equipment 95,000 Owner's Drawings 12,000 Sales Returns and Allowances 6,700 Sales Discounts 5,000 Cost of Goods Sold XXX Delivery Cost 7,600 Advertising Expense 12,000 Salaries and Wages Expense 56,000 Utilities Expense 18,000 Rent Expense 24,000 Depreciation Expense 9,000 Insurance Expense 4,500 Interest Expense 3,600 Credit($) Accumulated Depreciation- Equipment Notes Payable Accounts Payable Owner's Capital Sales/ Revenue Interest Revenue Other data: 673.900 18,000 25,000 10,600 81,000 536,800 2,500 673,900 i. Inventory on January 1, 2017 amounted to $39,000. ii. During the year, Fiona Company purchased merchandises worth $402,600 out of which the company returned goods, totalling $49,200. Required: Prepare a multiple step income statement for the year ended December 31, 2017