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

	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

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