The adjusted trial balance of Kasten company contained the following information:

Debit. Credit

Sales		$660,000
Sales returns and allowances	$20,000
Sales discount	7,000
Cost of goods sold	436,000
Freight-out	2,000
Interest expense	102,000
Store salaries	55,000
Utilities expense	28,000
Depreciation expense	22,000
Interest revenue		5,000

Required:

Use the above information to prepare a multiple-step income statement for the year-ended December 31.