As an experienced, knowledgeable accountant, you review the statement and determine that the following steps were taken by the accountant to compute the amounts presented in the income statement.

1.		Net sales, as presented, consist of sales $ 1,184,300, less freight-out on merchandise sold $ 42,900, and sales returns and allowances $ 36,400.
2.		Other revenues, as presented, consist of sales discounts $ 23,400 and rent revenue $ 5,200.
3.		Selling expenses, as presented, consist of salespersons salaries $ 104,000; depreciation on equipment $ 13,000; advertising $ 16,900; and sales commissions $ 7,800. The commissions represent commissions paid. At December 31, $ 3,900 of commissions have been earned by salespersons but have not been paid. All compensation should be recorded as Salaries and Wages Expense.
4.		Administrative expenses, as presented, consist of office salaries $ 61,100; dividends $ 23,400; utilities $ 15,600; interest expense $ 2,600; and rent expense $ 31,200, which includes prepayments totaling $ 7,800 for the first quarter of 2018.

Prepare a correct detailed multiple-step income statement. Assume a 25% tax rate. (List other revenues before other expenses. Round answers to 0 decimal places, e.g. 5,125.)

Tamarisk, Inc. Income Statement choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022
select an opening name for section one DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item				$ enter a dollar amount
select between addition and deduction AddLess:
enter an income statement item		$ enter a dollar amount
enter an income statement item		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for section one DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				enter a total amount for section one
enter an income statement item				enter a dollar amount
select a summarizing line for the first part DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				enter a total amount for the first part
select an opening name for section two DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item		enter a dollar amount
enter an income statement item		enter a dollar amount
enter an income statement item		enter a dollar amount
enter an income statement item		enter a dollar amount
enter an income statement item		enter a dollar amount
enter an income statement item		enter a dollar amount
select a closing name for section two DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				enter a total amount for section two
select a summarizing line for the second part DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				enter a total amount for the second part
select an opening name for section three DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item				enter a dollar amount
select an opening name for section four DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes
enter an income statement item				enter a dollar amount
select a summarizing line for the third part DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				enter a total amount for all three parts
enter an income statement item				enter a dollar amount
select a closing name for this statement DividendsNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31SalesTotal RevenuesNet SalesGross ProfitOperating ExpensesTotal Operating ExpensesIncome From OperationsOther Revenues and GainsOther Expenses and LossesIncome Before Income Taxes				$ enter a total net income or loss amount

Question 5 of 10 > 0.87/1 View Policies Show Attempt History Current Attempt in Progress An inexperienced accountant prepared this condensed income statement for Tamarisk, Inc., a retail firm that has been in business for a number of years. Tamarisk, Inc. Income Statement For the Year Ended December 31, 2022 Revenues Net sales $ 1,105.000 Other revenues 28,600 1,133.600 Cost of goods sold 721,500 Gross profit 412,100 Operating expenses Selling expenses 141,700 Administrative expenses 133.900 275,600 Net earnings $ 136,500