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