Selected accounts balances of Sunset Cosmetics Inc for year ended December 31, 2023 are as follows:...

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Selected accounts balances of Sunset Cosmetics Inc for year ended December 31, 2023 are as follows: Sales Salaries and Commissions Advertising Expense Legal Services Insurance and Licenses Travel Expense-Sales Representatives Depreciation Expense - Sales Delivery Equipment Depreciation Expense - Office Equipment Freight Out Utilities Expense Telephone and internet Expense Supplies Expense Miscellaneous Expenses Dividends Paid Dividend Revenue Cost of Goods Sold Interest Revenue Interest Ex[ense Allowance for Doubtful Accounts Officer's Salaries Expense Sales Sales Returns and Allowances Sales Discount Gain on Sale of Assets Gain from Discontinued Operations (before income taxes) Extraordinary Loss (before income taxes) Income tax from continuing operations Net Income Required: Prepare a multiple step income statement for the year ended as of 31-Dec-23 $ 35,108 16,696 2,225 8,500 4,560 6,750 4,800 4,200 6,400 1,475 580 2,200 33,000 7,150 204,495 1,390 4,520 7,460 36,600 499,400 11,200 880 18,500 40,000 72,600 Needs to be calculated Needs to be calculated Selected accounts balances of Sunset Cosmetics Inc for year ended December 31, 2023 are as follows: Sales Salaries and Commissions Advertising Expense Legal Services Insurance and Licenses Travel Expense-Sales Representatives Depreciation Expense - Sales Delivery Equipment Depreciation Expense - Office Equipment Freight Out Utilities Expense Telephone and internet Expense Supplies Expense Miscellaneous Expenses Dividends Paid Dividend Revenue Cost of Goods Sold Interest Revenue Interest Ex[ense Allowance for Doubtful Accounts Officer's Salaries Expense Sales Sales Returns and Allowances Sales Discount Gain on Sale of Assets Gain from Discontinued Operations (before income taxes) Extraordinary Loss (before income taxes) Income tax from continuing operations Net Income Required: Prepare a multiple step income statement for the year ended as of 31-Dec-23 $ 35,108 16,696 2,225 8,500 4,560 6,750 4,800 4,200 6,400 1,475 580 2,200 33,000 7,150 204,495 1,390 4,520 7,460 36,600 499,400 11,200 880 18,500 40,000 72,600 Needs to be calculated Needs to be calculated