A single-step income statement appears below. Present the information in a multistep income statement, and indicate what insights can be obtained from the multistep form as opposed to the single-stepform.

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Vision Company Income Statement For the Year Ended December 31, 2011 Revenues Net sales Interest income Total revenues $1,207,132 5,720 S1,212.852 Costs and expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Total costs and expenses 5787.080 203,740 100,688 13,560 1,105,068 107,784 Net income