The following selected information is forIvanhoeCompany for the year ended January 31, 2021:

Freight in$6,500Purchase discounts

$12,000

Freight out

7,100

Purchase returns and allowances

16,000

Insurance expense

12,000

Rent expense

20,100

Interest expense

6,000

Salaries expense

61,000

Merchandise inventory, beginning

61,400

Salaries payable

2,500

Merchandise inventory, ending

42,000Sales

320,000

O. G. Pogo, capital

105,000

Sales discounts

14,000

O. G. Pogo, drawings

42,400Sales 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)