Toys R Us sells a variety of childrens toys, games, books, and accessories. Assume that a local store has the following amounts for the month of March 2021.

Sales revenue	$	76,800		Inventory (Mar. 31, 2021)	$	1,100
Advertising expense		6,300		Insurance expense		2,250
Rent expense		4,200		Sales discounts		2,950
Gain on sale of building		7,400		Salaries expense		9,300
Inventory (Mar. 1, 2021)		2,750		Income tax expense		4,100
Cost of goods sold		35,750

Required: 1. Prepare a multiple-step income statement for the month ended March 31, 2021.