Use the data below to prepare the multi-step income statement of Sailor City Research for the year ended October 31, 2023. (Click the icon to view the closing entries.) Complete the multi-step income statement section-by-section as presented to you. (Use parentheses or a minus sign for a net loss.) Closing entries Journal Entry Date October Accounts Debit Credit 31 Sales Revenue 437,000 Income Summary 437,000 October 31 Income Summary 354,000 Sales Discounts 5,700 Cost of Goods Sold 252,000 Selling Expense 50,000 General Expense 44,000 Interest Expense 2,300 October 31 Income Summary 83,000 B. Meadows, Capital 83,000 October 31 B. Meadows, Capital 40,000 B. Meadows, Withdrawals 40,000