The following is a partial Adjusted Trial Balance for Alpha Company for the month:

Alpha Company
Adjusted Trial Balance (partial)
January 31, 2016
Accounts	Debit	Credit
Inventory	$2,750
Sales		$10,000
Sales Discounts	200
Sales Returns & Allowances	750
Purchases	3,200
Purchases Discounts		150
Purchase Returns & Allowances		450
Freight In	50
Advertising Expense	150
Depreciation Expense	130
Freight Out	70
Income Tax Expense	500
Salaries Expense	500
Utilities Expense	100

Additionally, Inventory for December 31, 2015 was $2,500. Prepare a partial multiple-step income statement that includes the Sales, Cost of Goods Sold sections & gross profit.