X Answer is complete but not entirely correct. BASKIN-ROBBINS Multiple-step Income Statement For the month of July 2021 Net sales: Total sales revenue $ 65,800 (1,000) Less: Sales returns Net sales revenue $ 64,800 (28,300) Cost of goods sold 36,500 Gross profit Operating expenses: Rent expense Salaries expense 5,900 12,900 3,200 Utilities expense Total 22,000 14,500 Operating income Non-operating items: Interest expense (300) 2,500 Interest income Total Income before income taxes