Use the information below and prepare the Multi-Step Income Statement for Hot Place on August 31.

Sales	$1,100,000
Interest Revenue	25
Sales Discounts	25,000
Sales Returns and Allowances	35,000
Cost of Goods Sold	710,000
Delivery Expense	1,550
Sales Salaries Expense	95,000
Office Supplies Expense	4,700
Store Supplies Expense	625
Admin Salaries Expense	400
Depreciation Expense - Store Trucks	700
Depreciation Expense - Office Equipment	450
Rent Expense - Selling	450
Rent Expense - Office	2,000
Interest Expense	5
Office Insurance Expense

Revenue operating Expenses Selling Expenses General and Administrative Expenses Total operating Expenses Income from operations other Revenue/Expenses Net Income