Maintain a multiple step income statement

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Reference no: EM131809972

From the following information, prepare a multiple step income statement, starting with the proper title.

Administrative expense

Officers' salaries 6,860

Depreciation of office furniture and equipment 5,544

Cost of goods sold 84,798

Rental revenue 24,122

Selling expense

Transportation-out 3,766

Sales commissions 11,172

Depreciation of sales equipment 9,072

Sales 135,100

Income tax 12,698

Interest expense 2,604

Reference no: EM131809972

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