The adjusted trial balance of Club Canada Wholesale Inc. contained the following accounts at December 31, the companys year end:

CLUB CANADA WHOLESALE INC. Adjusted Trial Balance December 31, 2021
		Debit		Credit
Cash		$ 12,275
Accounts receivable		19,700
Prepaid insurance		2,400
Inventory		104,600
Supplies		6,430
Land		128,500
Buildings		219,000
Accumulated depreciationbuildings				$ 93,060
Equipment		95,500
Accumulated depreciationequipment				33,400
Accounts payable				56,200
Deferred revenue				9,650
Refund liability				4,700
Income tax payable				3,500
Bank loan payable				98,200
Common shares				50,000
Retained earnings				142,325
Sales				1,061,375
Cost of goods sold		806,240
Administrative expenses		88,515
Selling expenses		42,100
Interest expense		12,350
Interest income				2,400
Income tax expense		17,200
		$ 1,554,810		$ 1,554,810

Prepare a multiple-step statement of income.