The following selected accounts from the Sheridan Companys general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 47,000 Interest revenue $ 25,000 Common stock 242,000 Inventory 59,000 Cost of goods sold 1,077,000 Rent revenue 24,000 Depreciation expense 117,000 Retained earnings 527,000 Dividends 142,000 Salaries and wages expense 667,000 Freight-out 17,000 Sales discounts 8,100 Income tax expense 62,000 Sales returns and allowances 36,000 Insurance expense 15,000 Sales revenue 2,392,000 Interest expense 62,000 Prepare a multiple-step income statement.

Please make a table for it and use the list of accounts from this list:

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Administrative Expenses
• Advertising Expense
• Amortization Expense
• Buildings
• Cash
• Common Stock
• Cost of Goods Sold
• Depreciation Expense
• Dividends
• Equipment
• Freight-In
• Freight-Out
• Gain on Disposal of Plant Assets
• Income Tax Expense
• Income Taxes Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Revenue
• Inventory
• Land
• Loss on Disposal of Plant Assets
• Maintenance and Repairs Expense
• Mortgage Payable
• No Entry
• Notes Payable
• Prepaid Insurance
• Purchase Discounts
• Purchase Returns and Allowances
• Purchases
• Rent Expense
• Rent Revenue
• Research and Development Expense
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Discounts
• Sales Returns and Allowances
• Sales Revenue
• Supplies
• Supplies Expense
• Unearned Service Revenue
• Utilities Expense
• Website