Exercise 5-6 Presented below is information for Wildhorse Co. for the month of January 2017 Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $208,700 Rent expense 9,200 Sales discounts 12,700 Sales returns and allowances 60,700 Sales revenue $33,800 8,400 18,500 396,000 5,500 Other comprehensive income (net of $400 tax) 2,000 Prepare an income statement using the multi-step format. WILDHORSE CO Income Statement