Hello Experts! This is a one part question and I have a lot of doubts in it and would love if possible to understand it better, thank you!

Use the following accounts to prepare a multiple step income statement of Wilkins Taste LLC for the year ended December 31, 2020. Value 69 pts. Answer Sheet to prepare the multiple step income statement Beginning Inventory Depreciation Expense Ending Inventory Freight out Freight-In Gain on sale of equipment Gain on sale of Machinery Insurance Expense Interest Expense Interest Revenue Loss on sale of building Loss on sales of equipment Property Tax Expense Purchase Discounts Purchases Purchases Return and Allowances Rent Expense Salaries and Wages Expense Sales Sales Commission Expense Sales Discounts Sales Return and Allowances income taxes Utilities Expense $ 458,000.00 $ 25,300.00 $ 458,230.00 $ 8,500.00 $ 26,000.00 $ 125,000.00 $ 23,600.00 $ 7,560.00 $ 10,960.00 $ 4,500.00 $ 125,000.00 $ 125,000.00 $ 15,600.00 $ 13,560.00 $ 750,000.00 $ 27,500.00 $ 6,900.00 $ 95,600.00 $3,580,000.00 $ 12,950.00 $ 6,850.00 $ 24,000.00 25.50% $ 14,890.00