The adjusted trial balance of McCoy Company included the following

selected accounts: Debit

Sales Revenue $$645,000$

Sales Returns and Allowances $ $50,000$

Sales Discounts $9,500$

Cost of Goods Sold $396,000$

Freight$-$Out $2,000$

Advertising Expense $15,000$

Interest Expense $19,000$

Salaries and Wages Expense $84,000$Utilities Expense $23,000$

Depreciation Expense $3500$

Interest Revenue $25,000$

$1.$ Use the above information to prepare a multiple$-$step income statement for the year ended December$31,2014.$