The adjusted trial balance for Tinker Sales is given below. In either Excel or Word, complete a classified, multiple-step income statement in good form that lists the companys net sales, cost of goods sold, and gross profit, as well as the components and amounts of selling and general and administrative expenses

Tinker Sales Company Adjusted Trial Balance July 31, 200x $4,200 Cash 11,100 Merchandise Inventory 1,650 Store Supplies 800 Prepaid Insurance 41,900 Store Equipment $16,400 Accumulated Depreciation 9,200 Accounts Payable 35,000 Betsy Tinker, Capital 3,200 Betsy Tinker, Drawing 104,000 Sales 1,000 Sales Discounts 2,000 Sales Returns and Allowances 37,800 Cost of Goods Sold 1,400 Depreciation Expense Store Equipment 31,000 Salaries Expense 1,500 Insurance Expense 14,000 Rent Expense 3,150 Store Supplies Expense 9900 Advertising Expense Totals Rent and salaries expenses are equally divided between selling and administrative expense