The following trial balance was taken from the books of Blake Corporation on December 31, 2020:

		Debit		Credit
Cash		$14,400
Marketable securities		4,050
Accounts receivable		50,000
Allowance for doubtful accounts				$3,721
Merchandise inventory		16,800
Supplies		340
Furniture and equipment		39,000
Accumulated depreciation				14,000
Accounts payable				4,400
Sales commissions payable				4,010
Interest payable				100
Notes payable				5,000
Common stock				40,000
Dividends		1,000
Retained earnings				24,590
Sales				330,100
Cost of goods sold		228,520
Salaries expense		27,500
Sales commissions expense		33,010
Rent expense		2,200
Bad debt expense		3,301
Depreciation expense		4,500
Interest expense		100
Supplies expense		700
Misc. expense		500
		$425,921		$425,921

Required:

Prepare a multi-step Income Statement. There are 100,000 shares of common stock outstanding at December 31, 2020 and they have a 30% income tax rate.