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The adjusted trial balance of Sunland Company contained the following information: Sales Returns and...

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Accounting

The adjusted trial balance of Sunland Company contained the following information:
Sales Returns and Allowances $11,280
Sales Discounts ,6,580
Cost of Goods Sold ,298,920
Freight-Out ,1,880
Advertising Expense ,14,100
Interest Expense ,12,220
Salaries and Wages Expense ,84,600
Utilities Expense ,21,620
Depreciation Expense ,11,280
Interest Revenue
34,780
(a)
Use the above information to prepare a multiple-step income statement for the year ended December 31,2020.
SUNLAND COMPANY
Income Statement
image

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