Save-the-Earth Co. reports the following income statement accounts for the year ended December 31. Prepare a multiple-step income statement that includes separate categories for net sales, cost of goods sold, selling expenses, and general and administrative expenses. Categorize the following accounts as selling expenses: Sales Staff Salaries and Advertising Expense. Categorize the remaining expenses as general and administrative.

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Sales discounts... $ 750 Office supplies expense.. $ 500 Office salaries expense 2,000 Cost of goods sold. 9,000 Rent expense-Office space 1,500 Sales ..... 20,000 Advertising expense... 500 Insurance expense. 1,000 Sales returns and allowances 250 Sales staff salaries 2,500