S Exercise 5-07 (Part Level Submission) Presented below is information for Crane Co. for the month of January 2022. Cost of goods sold $217,400 Rent expense Freight-out 7,500 Sales discounts Insurance expense 13,800 Sales returns and allowances Salaries and wages expense 61,400 Sales revenue Income tax expense 4,100 Other comprehensive income (net of $400 tax) $34,200 9,200 17,700 390,000 Study. 2,000 (a) Your answer is partially correct. Try again. Prepare an income statement using the multiple-step format. CRANE CO. Income Statement For the Month Ended January 31, 2022 Sales Revenue 390,000