The following selected accounts from the Blue Door Corporations general ledger are presented below for the year ended December 31, 2017:

Instructions
Prepare a multiple-step income statement.

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Advertising expense$ 55,000 It revenue Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense 250,000 1,085,000 125,000 150,000 25,000 s 30,000o 67,000 24,000 535,000 675,000 8,500 Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and 15,000 70,000 allowances Sales revenue 1,000 2,400,000