The selected accounts from the Flounder Corp's accounting records are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $49,500 : 225,000 976,500 112,500 135,000 22,500 63,000 13,500 63,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue Prepare a multiple-step income statement. > FLOUNDER CORP. Income Statement $ $27,000 60,300 21,600 481,500 607,500 7,650 36,900 2,160,000 $

Prepare a multiple-step income statement