IThe following information applies to the questions displayed below. Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect formaty BIG TOMMY CORPORATION Profit and Lo83 December 31 Credit. $267,100 Debit iiiilC Net Sales Cost of Goods Sold Salaries and Wages Expense Office Expenses Travel Expenses Income Tax Expense Net Profit $207,000 40,000 2,500 1,000 4,980 11,620 Totals $267,100 $267,100 Required: 1. Prepare a properly formatted multistep income statement that would be used for external reporting purposes