The following accounts and their current balances appear in the General Ledger for Another Company for the fiscal year ended October 31, 2020: Cash 184,500 Sales 1,542,000 Sales Returns & Allowances 27,700 Accounts Receivable 145,200 Sales Discounts 18,200 Merchandise Inventory 210,000 Miscellaneous Admin. Expense 1,900 Cost of Merchandise Sold 930,000 Office Supplies 6,700 Sales Salaries Expense 207,800 Prepaid Insurance 4,000 Advertising Expense 52,500 Office Equipment 102,000 Depreciation ExpenseAccumulated Depreciation- Store Equipment 7,600 Office Equipment 15,300 Miscellaneous Selling Expense 1,900 Store Equipment 183,600 Office Salaries Expense 104,900 Accumulated Depreciation- Rent Expense 37,600 Store Equipment 41,000 Depreciation ExpenseAccounts Payable 66,700 Office Equipment 15,200 Salaries Payable 2,800 Insurance Expense 4,600 Notes Payable 67,200 Interest Expense 6,000 Common Stock 200,000 Retained Earnings 364,900 Dividends 42,000 Instructions:

1. Please prepare a multiple-step income statement, using the data listed above.

2. The tax rate on all income is 25%.

3. All of the accounts have normal balances.

4. Some of the accounts will not be used.

5. Rent Expense was paid for a facility used for 20% for administration and 80% for sales.