Let's Work It Out operates several retail stores that specialize in products for a healthy lifestyle. Some of its financial information is shown below for its fiscal year ended January 31, 2018.

Cost of Goods Sold	$61,600
Depreciation Expense - Store Equipment	$5,830
Gain on Sale of Equipment	$4,760
Insurance Expense	$10,200
Interest Expense	$1,220
Office Salaries Expense	$36,100
Office Supplies Expense	$3,200
Sales Discounts	$2,300
Sales Returns and Allowances	$5,300
Sales Revenue	$181,600
Sales Salaries Expense	$32,600
Utilities Expense - Office	$3,400
Utilities Expense - Retail	$7,400

Required

Prepare a multiple-step income statement.

Do not enter dollar signs or commas in the input boxes.
Enter all accounts under the appropriate section in alphabetical order.
Do not use negative signs.

Let's Work It Out Income Statement For the Year Ended January 31, 2018
Sales Revenue			$Answer
Less:
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail		$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail		$Answer
Subtotal			$Answer
Net Sales			$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail			$Answer
Gross Profit			$Answer
Operating Expenses
Selling Expenses
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
Total Selling Expenses		$Answer
Administrative Expenses
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail	$Answer
Total Administrative Expenses		$Answer
Total Operating Expenses			$Answer
Income from Operations			$Answer
Other Income and Expenses
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail		$Answer
AnswerCost of Goods SoldDepreciation Expense - Store EquipmentGain on Sale of EquipmentInsurance ExpenseInterest ExpenseOffice Salaries ExpenseOffice Supplies ExpenseSales DiscountsSales Returns and AllowancesSales RevenueSales Salaries ExpenseUtilities Expense - OfficeUtilities Expense - Retail		$Answer
Total Other Income and Expenses			$Answer
Net Income			$Answer