Prepare a multiple$-$step income statement showing the expenses in detail.

$\backslash$table$[[$ELECTRIC BIKE$],[$Income Statement$],[$For Year Ended December $31,2023],[$Sales$,,$$$,529,000],[$Less: Sales returns and allowances,$5,070,,],[,,5,070],[$Net sales,,$$,523,930],[$Cost of goods sold,,,$381,080],[,,],[$Gross profit,,,$142,850],[$Operating expenses:$],[$Salaries expense,$96,300,,],[$Rent expense,$29,100,,],[$Insurance expense,$3,000,,],[$Store supplies,$415,,],[$Supplies expense,$640,,],[$Depreciation expense, equipment,$6,000,,],[$Total operating expenses,,,$135,455],[$Income from operations$],[$Other revenues and expenses:$],[$Interest income,,,$320],[,,]]$