The following selected information is for Cullumber Company for the year ended January 31, 2024:

Delivery expense		$7,300		Purchase discounts		$12,400
Freight in		6,400		Purchase returns and allowances		16,300
Insurance expense		11,800		Rent expense		20,400
Interest expense		6,500		Salaries expense		60,500
Merchandise inventory, beginning		61,000		Salaries payable		2,500
Merchandise inventory, ending		40,000		Sales		321,000
O. G. Williams, capital		105,000		Sales discounts		14,100
O. G. Williams, drawings		42,300		Sales returns and allowances		20,300
Purchases		213,000		Unearned revenue		4,500

(a)

Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

The following selected information is for Cullumber Company for the year ended January 31, 2024:

Delivery expense		$7,300		Purchase discounts		$12,400
Freight in		6,400		Purchase returns and allowances		16,300
Insurance expense		11,800		Rent expense		20,400
Interest expense		6,500		Salaries expense		60,500
Merchandise inventory, beginning		61,000		Salaries payable		2,500
Merchandise inventory, ending		40,000		Sales		321,000
O. G. Williams, capital		105,000		Sales discounts		14,100
O. G. Williams, drawings		42,300		Sales returns and allowances		20,300
Purchases		213,000		Unearned revenue		4,500

(a)

Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)