Use the following accounts and prepare the Multi-Step Income Statement for ABC Company at December 31,2020:

Accounts Payable	3,000
Accounts Receivable	45,000
Accumulated Depreciation	8,000
Cash	255,000
Cost of Goods Sold	340,000
Common Stock	100,000
Depreciation Expense	4,000
Dividends	3,000
Equipment	15,000
Income Tax Expense	36,829
Insurance Expense	1,350
Interest Expense	450
Interest Income	800
Interest Payable	950
Inventory	13,500
Note Payable Due 2025	18,000
Retained Earnings	2,579
Revenue	500,000
Salaries Expense	10,000