What am I missing from the Income Statement?

(The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Credit Cash $ 25,900 Accounts Receivable 47,800 Allowance for Uncollectible Accounts $ 5,000 Inventory 20,800 Land 54,000 Equipment 19.000 Accumulated Depreciation 2,300 Accounts Payable 29,300 Notes Payable (68, due April 1, 202 58,000 Common Stock 43.000 Retained Earnings 29,900 Totals $167,500 $167,500 During January 2021, the following transactions occur . January 2 Sold gift cards totaling $9,600. The cards redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $155,000. January 15 Firework sales for the first half of the month total $143,000. All the month total $143,000. All of these sales are on account. The cost of the units sold is $77,800. January 23 Receive $126,200 from customers on accounts receivable. January 25 Pay $98,000 to inventory suppliers on accounts payable. January 28 Write oft accounts receivable as uncollectible, $5,600. January 30 Pirework sales for the second half of the month total $151,000. Sales include $14.000 for cash and $137,000 on account. The cost of the units sold is $83,500. January 31 Pay cash for monthly salaries, 352,800. 4. Prepare a multiple-step income statement for the period ended Januar ACME FIREWORKS Income Statement 11 Next > 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 | Sales Revenue $ 294,000 Cost of Goods Sold 161,300 Gross Profit $ | Salaries Expense r $ 52,800 Notes Payable (290)| 132,700 Total operating expenses Operating Income 52,510 80,190 Income Before Taxes 80,190 Net Income $ 80,190 Credit 14,550 ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Cash $ 24,900 Accounts Receivable 196,000 (Allowance for Uncollectible Accounts Inventory 14,500 Land "54,000 Equipment 19,000 Accumulated Depreciation Accounts Payable Deferred Revenue Interest Payable Income Tax Payable Notes Payable T Common Stock Retained Earnings Sales Revenue Cost of Goods Sold 161,300/ Bad Debt Expense 15,150 Salaries Expense 52,800 Depreciation Expense Interest Expense 290 Income Tax Expense 13,800 Totals $ 552,340 2,900 86,300 5,800 290 13,800 58,000 43,000 29,900 297,800 600 $ 552,340