Presented below is selected information for Sheffield Company for the month of March 2022. Cost of goods sold Freight-out Insurance expense Salaries and wages expense (a) $220,150 7,150 5,150 59,880 Rent expense Sales discounts Sales returns and allowances Sales revenue $34,010 7,300 12,700 390,000 Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the numbe -45 or parentheses e.g. (45).)

Presented below is selected information for Sheffield Company for the month of March 2022. (a) Prepare a multiple-step income statement. (Enter negative amounts using either a negative sign preceding the numb -45 or parentheses e.g. (45).)