The following selected accounts from the Ayayai Corp.'s accounting records are presented below for the year ended December 31, 2017: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $40,700 Interest revenue 185,000 Inventory 802,900 Rent revenue 92,500 Retained earnings 111,000 Salaries and wages expense 18,500 Sales discounts 51,800 Sales returns and allowances 11,100 Sales revenue 51,800 $ 22,200 49,580 17,760 395,900 499,500 6,290 30,340 1,776,000 Prepare a multiple-step income statement. AYAYAI CORP. Income Statement eTextbook and Media List of Accounts Attempts: 0 of 3 used