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

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

2. Prepare a single-step income statement for the year ended December 31, 2015.