The information below relates to the operations of Sandhill Corporation, a private company following ASPE, for the year ended December 31, 2020:

Cost of goods sold		$326,000
Interest expense		2,330
Sales returns and allowances		8,790
Accounts payable		119,958
Sales discounts		4,032
Depreciation expense		284,500
Sales revenue		982,496
Salaries and wages expense		163,472
Prepaid expenses		3,350
Rent expense		38,500
Loss from fire		8,278
Rental revenue		24,906

Additional information:

		The effective tax rate is 30%.
		Depreciation expense: 50% administrative expense and 50% selling expense
		Salaries and wages expense: 55% administration expense and 45% selling expense
		Rent expense: 80% administration expense and 20% selling expense

Prepare a multiple-step income statement in good form by function. (Enter selling expenses before administrative expenses. Round answers to 0 decimal places, e.g. 5,275.)

Sandhill Corporation Income Statement For the year ended December 31, 2020 Sales Revenues > Sales > $ Add Rental Revenue $ > Revenues > $ > . 4 > A > > > > V A (