The adjusted trial balance of Nick Company contained the following information (in excel file).

Use the above information to prepare a multiple-step income statement for the year ended December 31, 2015.

NICK COMPANY Income Statement For Year Ended December 31, 2015 Revenues Net Sales Operating Expenses Total Operating Expenses Income from operations Other Revenues & Gains Other Expenses & Losses Net Income Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-Out Advertising Expense Interest Expense Salaries and Wages Expense Utilities Expense Depreciation Expense Interest Revenue Debit $15,000 7,000 323,000 2,000 15,000 18,000 85,000 28,000 7,000 Credit $570.000 27,000