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

Debit Credit

Sales Revenue $570,000

Sales Returns and Allowances $ 15,000

Sales Discounts 7,000

Cost of Goods Sold 323,000

Freight-Out 2,000

Advertising Expense 15,000

Interest Expense 18,000

Salaries and Wages Expense 85,000

Utilities Expense 28,000

Depreciation Expense 7,000

Interest Revenue 27,000

Required: 1. Use the above information to prepare a multiple-step income statement for the year ended December 31, 2019.