Prepare an income statement for the year 2014 using the multiple-step form.

Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2014 information related to P. Bride Company ($000 omitted).

Administrative expense
Officers' salaries	$5,334
Depreciation of office furniture and equipment	4,394
Cost of goods sold	61,004
Rent revenue	17,664
Selling expense
Delivery expense	3,124
Sales commissions	8,414
Depreciation of sales equipment	6,914
Sales revenue	96,934
Income tax	9,504
Interest expense	2,294

Common shares outstanding for 2014 total40,610(000 omitted). I have attached pictures of what the problem and a list of accounts available just in case that helps.