use the following information to prepare a multiple step income 358026

Use the following information to prepare a multiple step income statement, including the revenue section and the cost of goods sold section, for Aeito’s Plumbing Supplies for the year ended December 31, 20 .

Sales …………………………………….… $166,000

Sales Returns and Allowances ………….……. 1,620

Sales Discounts ………………………………. 3,320

Interest Revenue ……………………………… 3,184

Merchandise Inventory, January 1, 20 ….…. 33,200

Purchases ……………………………………. 111,300

Purchases Returns and Allowances …………… 3,600

Purchases Discounts …………………………… 2,226

Freight In …………………………………….…. 640

Merchandise Inventory, December 31, 20 … 29,600

Wages Expense ……………………………… 22,000

Supplies Expense ……………………………….. 650

Telephone Expense …………………………… 1,100

Utilities Expense ……………………………… 9,000

Insurance Expense ……………………………. 1,000

Depreciation Expense—Building ……………. 4,600

Depreciation Expense—Equipment …………. 2,800

Miscellaneous Expense ………………………… 214

Interest Expense ……………………………… 1,126