Question: Please, prepare multi step income statement from the following information. Interest revenue 2500 Gains? Interest exp. 700 Losses (from secondary activities) 1500 Salaries 111 000

Please, prepare multi step income statement from the following information. Interest revenue 2500 Gains? Interest exp. 700 Losses (from secondary activities) 1500 Salaries 111 000 Sales rev. 335 000 Sales discounts 5 000 Cost of goods sold 75 000 Rent exp. 9000 Sales returns and allowances 15 000 Utilities 3500 Bad debe provision? Additional information: a) In 2014 Company has issued invoices for a total of 70 000 euro to its customers in a given month, and has a historical experience of 44 bad debes on its billings b) In 2014 Company sells one of the cars of the company for 11 500 euro. Over the years, the cost of the car was being depreciated on the company's accounting records (7000) euro

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