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

Delivery expense $$7,400$

Freight in $$6,900$

Insurance expense $$12,800$

Interest expense $$7000$

Merchandise inventory, beginning $$61,500$

Merchandise inventory, ending $$48,000$

O$.$ G$.$ Walker, capital

$$105,000$

O$.$ G$.$ Walker, drawings

$$42,100$

Purchases $$214,000$

Purchase discounts

$$12,800$

Purchase returns and allowances $$16,000$

Rent expense $$20,400$

Salaries expense $$60,500$

Salaries payable $$2,500$

Sales $$320,000$

Sales discounts $$14,800$

Sales returns and allowances $$20,200$

Unearned revenue $$4,500$

Prepare a multiple$-$step income statement