The adjusted trial balance of Bennett Company contained the following information:

DebitCredit

Sales Revenue$530,000

Sales Returns and Allowances$ 12,000

Sales Discounts7,000

Cost of Goods Sold318,000

Freight-Out2,000

Advertising Expense15,000

Interest Expense13,000

Salaries and Wages Expense90,000

Utilities Expense23,000

Depreciation Expense12,000

Interest Revenue37,000

Instructions

1.Use the above information to find multiple-step income statement for the year ended December 31, 2020in good form.

2.find single-step income statement for the year ended December 31, 2020. in good form.