The following account titles and balances were taken from the adjusted trial balance of Cobalt Creations Company at December 31, 2019. The company uses a perpetual inventory system. Credit Debit $ 65,750 39,950 79.868 1,410 88,360 $ 1,950 2,840 60,678 Cash Accounts receivable Merchandise inventory Prepaid insurance Long-term investment Accounts payable Salaries payable D. Cobalt, capital D. Cobalt, drawings Sales Interest revenue Sales discounts Cost of Goods Sold Rent expense Utilities expense Office salaries expense Advertising expense 59,000 840,000 3,000 7,050 344,800 45,200 17,650 101,400 58,030 $ 908,468 $ 908,468 REQUIRED: Prepare a classified multiple-step Income Statement for the year ended December 31, 2019. NOTE: Marks will be deducted for poor form (to a maximum of 2 marks) and deducted for inclusion of accounts that do not belong on this statement (1 mark for each wrong account)