OURCES Exercise 5-07 (Part Level Submission) Presented below is information for Carla Vista Co. for the month of January 2022. art Cost of goods sold Freight-out $220,100 Rent expense $33,000 9,500 Sales discounts 9,100 Insurance expense 13,400 Sales returns and allowances 20,000 y Study Salaries and wages expense 63,100 Sales revenue 399,500 Income tax expense 4,800 Other comprehensive income (net of $400 tax) 2,000 (a) Your answer is partially correct. Try again. Prepare an income statement using the multiple-step format. CARLA VISTA CO. Income Statement For the Month Ended January 31, 2022 Retained Earnings, January 31 Sales Revenue Less v 399,500 ES C Sales Revenue Less v Sales Discounts 9,100 dy Sales Returns and Allowances. 20,000 Net Sales Cost of Goods Sold 12 Gross Profit Operating Expenses Freight-Out 9,500 2 Salaries and Wages Expense 63,100 12 Rent Expense 33,000 Insurance Expense 13,400 399,500 29,100 370,400 220,100 12 150,300 SOURCES Insurance Expense E (Part ion) Total Operating Expenses Income Before Income Taxes Income Tax Expense by Study Net Income/ (Loss) 13,400 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS (b) Prepare a comprehensive income statement. CARLA VISTA CO. Comprehensive Income Statement 119,000 31,300 4,800 26,500 ercise 5-04 cercise 5-05 zercise 5-07 (Part vel Submission) ew Score ew Results by Study ective (b) Prepare a comprehensive income statement. CARLA VISTA CO. Comprehensive Income Statement Click if you would like to Show Work for this question: Qpen Show Work SHOW LIST OF ACCOUNTS (c) The parts of this question must be completed in order. This part will be available when you complete the part above