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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

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 30,000
Cost of Goods Sold 790,000
Delivery Expense 1,625
Sales Salaries Expense 115,000
Office Supplies Expense 4,700
Store Supplies Expense 600
Admin Salaries Expense 400
Depreciation Expense - Store Trucks 500
Depreciation Expense - Office Equipment 400
Rent Expense - Selling 350
Rent Expense - Office 2,200
Interest Expense 5
Office Insurance Expense 375

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