Convert the following single-step income statement into a multiple-step income statement for the month ended October 31, 2015. Income Statement For the year ended October 31, 2015
Revenues: Sales $522,000
Interest Revenue 3,300 $525,300
Expenses: Cost of Goods Sold 270,600
Depreciation Expense 2,900
Income tax Expense 54,600
Insurance Expense 2,100
Interest Expense 3,700
Rent Expense 4,800
Wage Expense 103,700
Total Expenses: 442,400
Net Income $82,900