[The following information applies to the questions displayed below.] Baskin-Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso 'n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021. Salaries expense Inventory (July 1, 2021) Sales returns Utilities expense Income tax expense $11,900 Sales revenue $60,800 1,400 Interest income 1,200 Cost of goods sold 1,500 27,800 4,900 4,200 Interest expense Inventory (July 31, 2021) 500 1,200 2,700 Rent expense Required: 1. Prepare a multiple-step income statement for the month ended July 31, 2021.