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The adjusted trial balance of Nick Company contained the following information: ...

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Accounting

The adjusted trial balance of Nick Company contained the following information:

Debit Credit
Sales Revenue $570,000
Sales Returns and Allowances $15,000
Sales Discounts 7,000
Cost of Goods Sold 323,000
Freight-Out 2,000
Advertising Expense 15,000
Interest Expense 18,000
Salaries and Wages Expense 85,000
Utilities Expense 28,000
Depreciation Expense 7,000
Interest Revenue 27,000

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Use the above information to prepare a multiple-step income statement for the year ended December 31, 2015 NICK COMPANY Income Statement

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