The following selected accounts from the Blue Door Corporation’s general ledger are presented below for the year ended December 31, 2025:

InstructionsPrepare a multiple-step income statement.

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Advertising expense Common stock Cost of goods sold Depreciation expense Dividends Freight-out Income tax expense Insurance expense Interest expense $ 55,000 250,000 1,085,000 125,000 150,000 25,000 70,000 15,000 70,000 Interest revenue Inventory Rent revenue Retained earnings Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $ 30,000 67,000 24,000 535,000 675,000 8,500 41,000 2,400,000