The following is a listing of all of the income statement accounts for Mulberry Street Sportswear as they appear on the adjusted trial balance as of December $31.$ Advertising Expense $ $11,700$ Cost of Goods Sold $87,300$ Delivery Expense $5,100$ Insurance Expense $1,400$ Income Tax Expense $5,080$ Rent Expense $11,200$ Interest Expense $1,400$ Sales Revenue $160,000$ Sales Discounts $10,400$ Sales Returns & Allowances $18,800$ Required: Prepare a multistep income statement. Include all operating expenses in one line$$

Oahu Kiki tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each month, as if it uses a periodic inventory system. Assume Oahu Kiki's records show the following for the month of January. Sales totaled $290$ units.

$\backslash$table$[[,$Date,Units,Unit Cost,Total Cost$],[$Beginning Inventory,January $1,240,$$$70,$$$16,800$