Your answer is partially correct. The following selected accounts from the Monty Corps general ledger are presented below for the year ended December 31, 2022: Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 52,000 247,000 1,082,000 122,000 147,000 22.000 67,000 15,000 67,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 30,000 64,000 24,000 532,000 672,000 8,200 41,000 2,397,000 Prepare a multiple-step income statement. Monty Corp. Income Statement Sales Sales Reuen Monty Corp. Income Statement Sales Sales Revenue Less Sales Discounts Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Operating Expenses expe Advertising Expense Freight-Out Administrative Expenses Depreciation Expense Depreciation Expense Income From Operations