Exercise 5-9 (Part Level Submission) Presented below is information for Sheridan Company for the month of March 2019 Cost of goods sold Freight-out Insurance expense Salaries and wages expense55,380 Sales revenue $219,040 Rent expense ,500 Sales discounts 5,700 $35,010 8,510 12,020 387,050 Sales returns and allowances (a) Prepare a multiple-step income statement. (If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sheridan Company Income Statement For the Month Ended March 31, 2019