The following data came from the records of JoeMontana Incorporated for the year ended December 31, 2013 Administrative Expense Cost of Goods Sold Income Tax Expense Sales Returns and Allowances6,450 Selling Expense Sales of Merchandise on Cash 220,000 Sales of Merchandise for Credit 38,000 $ 18,000 155,000 14,820 36,200 Required: 1. Prepare a multistep income statement for internal reporting purposes. JOEMONTANA INCORPORATED Income Statement For the Year Ended December 31, 2013 Operating Expenses Type here to search