The following income statement items are taken 9180 of Matthews Music Group for the year ending December 31:
Advertising expense ............. $ 6,210
Cost of sales ................. 83,910
Income tax expense ............... 2,250
Insurance expense ............... 3,960
Interest expense ................ 4,115
Interest revenue .................. 6,055
Rent expense ................. 11,410
Salaries expense................. 28,525
Sales ......................153,010
Supplies expense................ 5,600
Required
Prepare a multi-step income statement for the year ending December 31.