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The following is a listing of all of the income statement accounts for Goodbuy Corp, as they appear on the adjusted trial balance as of

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The following is a listing of all of the income statement accounts for Goodbuy Corp, as they appear on the adjusted trial balance as of December 31. Advertising Expense $ 9,000 Cost of Goods Sold 110,000 Sales Discounts 4.000 Delivery Expense 3,000 Insurance Expense 1,000 Sales Revenue 180,000 Income Tax Expense 10,000 Rent Expense 12.000 Interest Expense 1,000 Sales Returns & Allowances 10,000 Required: Prepare a properly formatted multistep income statement for external reporting purposes

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