Question - Presented below is information for Kaila Company for the month of March 2017.
| Cost of goods sold |
$224,660 |
Rent expense |
$ 32,260 |
| Freight-out |
6,640 |
Sales discounts |
8,390 |
| Insurance expense |
5,610 |
Sales returns and allowances |
12,440 |
| Salaries and wages expense |
58,950 |
Sales revenue |
391,430 |
Prepare a multiple-step income statement.