The following selected accounts from the Sheridan Company's general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 47,000 242,000 1.077.000 117.000 142.000 17.000 62.000 15.000 62.000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 25,000 59.000 24.000 527.000 667.000 8,100 36.000 2.892000 Prepare a multiple-step income statement Prepare a multiple-step income statement. Sheridan Company Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue 2392000 Sales Discounts B10D Sales Returns and Allowances 36000 1 2347900 6 0.6572 III Gross Profit Income before from 394900 Income Tax Expense 82000 Net Income / Los