The adjusted trial balance for Olsen Company is below. Use the information to prepare in proper format a multi-step income statement for the year ended December 3 1 , 2 0CY .

Sales $ 5 8 0 , 0 0 0 ;

Sales Returns and Allowances $ 2 0 , 0 0 0 ;

Sales Discounts $ 7 , 0 0 0 ;

Cost of Goods Sold $ 3 8 6 , 0 0 0 ;

Freight-out $ 2 , 0 0 0 ;

Advertising Expense $ 1 5 , 0 0 0 ;

Interest Expense $ 1 8 , 0 0 0 ;

Store Salaries Expense $ 5 0 , 0 0 0 ;

Utilities Expense $ 2 8 , 0 0 0 ;

Depreciation Expense $ 7 , 0 0 0 ;

Interest Revenue $ 3 0 , 0 0 0