Question 4 Presented below is information for Blue Company for the month of March 2020, Cost of goods sold Freight-out Insurance expense Salaries and wages expense $216,210 6,120 5,790 55,590 Rent expense Sales discounts Sales returns and allowances Sales revenue $33,760 7,850 12,940 389,980 Study Your answer is partially correct. Try again. Prepare a multiple-step Income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BLUE COMPANY Income Statement March 31, 2020 Net Sales Sales Revenue 389980 Sales Discounts