### Prepare a multiple- step income statement for the year

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##### Reference no: EM131790548

Question - The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the year ended December 31, 2008:

Commissions expense 2,415

Cost of goods sold 29,200

Depreciation expense- office building 2,900

Income tax expense 1,540

Insurance expense- salesperson's auto 2,250

Interest expense 1,400

Interest revenue 1,340

Rent revenue 6,700

Salaries and wages expense- office 12,560

Sales revenue 48,300

Supplies expense- office 890

Required - Prepare a multiple- step income statement for the year ended December 31, 2008.

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