The following selected accounts from the Wildhorse Co.s general ledger are presented below for the year ended December 31, 2022:

Advertising expense		$ 59,000		Interest revenue		$ 36,000
Common stock		254,000		Inventory		71,000
Cost of goods sold		1,089,000		Rent revenue		24,000
Depreciation expense		129,000		Retained earnings		539,000
Dividends		154,000		Salaries and wages expense		678,000
Freight-out		29,000		Sales discounts		9,000
Income tax expense		74,000		Sales returns and allowances		47,000
Insurance expense		15,000		Sales revenue		2,403,000
Interest expense		73,000

Prepare a multiple-step income statement.

Wildhorse Co. Income Statement