The following information was taken from the adjusted trial balance of Lucifer Lighting Inc. at December 31, 2022. All accounts have normal balances.

...... Accounts payable.................................................... $ 52,000

...... Accounts receivable.................................................... 18,700

...... Accumulated depreciationBuilding.......................... 44,900

...... Advertising expense.................................................... 38,500

...... Building...................................................................... 600,000

...... Cash............................................................................ 85,000

Common shares........................................................ 417,500

Cost of goods sold.................................................... 410,500

Depreciation expense................................................. 12,000

Freight out................................................................... 22,000

Interest expense............................................................ 5,700

Interest income............................................................. 2,000

Rental revenue............................................................. 6,000

Retained earnings, Jan 1.......................................... 154,800

Salaries expense...................................................... 279,500

Salaries payable.......................................................... 5,200

Sales ....................................................................... 761,300

Utilities expense .......................................................... 9,200

Instructions

Use the above information to prepare a multiple-step statement of income for the year ended December 31, 2022. A template is provided below.