The adjusted trial balance of McCoy Company included the following selected accounts:

Debit Credit

Sales Revenue 50,000

Sales Returns and Allowances 9,500

Cost of Goods Sold 396,000

Freight-Out 2,000

Advertising Expense 15,000

Interest Expense 19,000

Salaries and Wages Expense 84,000

Utilities Expense 23,000

Depreciation Expense 3,500

Interest Revenue 25,000

(A) Use the above information to prepare a multi-step income statement for the year ended December 31, 2014. (List other revenues before other expenses)

MCCOY COMPANY

Income Statement

For the year ended December 31, 2014

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X_____________________ X________________

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X__________________________ X____________________

X__________________________ X_____________________

X__________________________X______________________

X___________________ X______________________

X___________________________

X______________ X_____________________

X_____________________________ X_____________________

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