Exercise 5-6 (Part Level Submission) Presented below is information for Carla Vista Co. for the month of January 2017. $221,700 Rent expense Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense 7,200 13,100 63,200 4,400 Sales discounts Sales returns and allowances Sales revenue Other comprehensive income (net of $400 tax) $34,100 9,700 18,900 396,000 2,000 Your answer is correct Prepare an income statement using the multi-step format. CARLA VISTA CO. Income Statement For the Month Ended January 31, 2017 Sales Sales Revenue 396000 Less Sales Discounts 9700 39700 Sales Discounts Sales Returns and Allowances 18900 28600 Net Sales 367400 Cost of Goods Sold 221700 Gross Profit 145700 Operating Expenses Salaries and Wages Expense 63200 Rent Expense 34100 13100 nsurance Expense Freight-Out Total Operating Expenses 7200 117600 Income Before Income Taxes 28100 ncome Before Income laxes 28100 Income Tax Expense 4400 Net Income / (Loss) 23700 Click if you would like to Show Work for this question: Open Show Work Prepare a comprehensive income statement. CARLA VISTA CO. Comprehensive Income Statement Click if you would like to Show Work for this question: Open Show Work