The following selected accounts from Okanagan Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts receivable $275,600 795,080 Accumulated depreciation-equipment Advertising expense Common shares Cost of goods sold 57,200 260,000 1,218,880 Depreciation expense 130,000 156,000 1,508,000 Dividends declared Equipment Freight out Income tax expense 26,000 72,800 Insurance expense 23,920 64,480 31,200 100,880 Interest expense Interest income Inventory Prepaid expenses Rent income Retained earnings 32,240 24,960 556,400 Salaries expense 733,200 Sales 2,693,080 Prepare a multiple-step statement of income. Okanagan Corporation Statement of Income (Multiple-step) Year Ended December 21, 2021 Sales $ 2,693 080 Cost of Goock Sold 1,218 880 Gross pront V 1,474 200 Operating expenses Salaries Expense $ 733 200 Advertising Expense 57 200 Depreciation Expense 130.000 Freight Out 26.000 Insurance Expense 23.920 Total operating expenses 970.320 Income from operations 503880 Other Income and expenses Interest Income $ Interest Expense 1 Income before income tax Income Tax Expense Net Income