The following selected information is for Pharoah Company for the year ended January 31, 2017:

Freight in		$6,500		Purchase discounts		$12,000
Freight out		7,500		Purchase returns and allowances		16,300
Insurance expense		12,000		Rent expense		20,100
Interest expense		6,000		Salaries expense		60,800
Merchandise inventory, beginning		61,400		Salaries payable		2,500
Merchandise inventory, ending		42,000		Sales		325,000
O. G. Pogo, capital		105,000		Sales discounts		14,000
O. G. Pogo, drawings		42,100		Sales returns and allowances		20,500
Purchases		211,000		Unearned sales revenue		4,500

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).)