Multiple-step income statement concerning problem

Question

Instructions:

Using whatever data you believe appropriate, prepare a multiple-step income statement for the Pratt Department Store for the year ended December 31, 2000.

Multiple-Step Income Statement:

Below is a partial listing of the adjusted account balances of the Pratt Department Store at year-end on December 31, 2000.

Accounts Receivable                                     $ 19,000
Cost of Goods Sold                                        270,000
Selling Expenses (includes depreciation)            35,000
Interest Expense                                               1,000
Accumulated Depreciation-Building                    10,000
Sales Discounts                                                22,000
Merchandise Inventory                                       45,000
Administrative Expenses (includes depreciation)    18,000
Sales                                                               350,000
Accounts Payable                                               14,000
Interest Revenue                                                    800