The information below relates to the operations of Cullumber Corporation, a private company following ASPE, for the year ended December 31, 2023: Cost of goods sold $348,000 Interest expense 2,110 Sales returns and allowances 8,730 Accounts payable 119,898 Sales discounts 3,892 Depreciation expense 284,360 Sales revenue 982,376 Salaries and wages expense 163,400 Prepaid expenses 3,730 Rent expense 40,300 Loss from fire 8,418 Rental revenue 23,706 Additional information: The effective tax rate is 25%. Depreciation expense: 60% administrative expense and 40% selling expense Salaries and wages expense: 35% administration expense and 65% selling expense Rent expense: 75% administration expense and 25% selling expense Prepare a multiple-step income statement in good form by function. (List other revenues and gains before other expenses and losses. Enter selling expenses before administrative expenses. Round answers to O decimal places, e.g. 5,275.)