FocusMore, Inc Required:
Prepare a Multiple Step Income Statement for 2014

FocusMore, Inc., had the following alphabetical list of accounts taken from its adjusted trial balance at December 31, 2014: $\begin{array}{|l|r|}\hline \text { Accounts Payable } & \$ 15,000 \\\hline \text { Accounts Receivable } & 18,000 \\\hline \text { Accumulated Depreciation-Building } & 26,200 \\\hline \text { Advertising Expense } & 12,800 \\\hline \text { Building } & 100,000 \\\hline \text { Common Stock } & 60,000 \\\hline \text { Cash } & 15,000 \\\hline \text { Cost of Goods Sold } & 56,500 \\\hline \text { Depreciation Expense } & 2,000 \\\hline \text { Insurance Expense } & 3,800 \\\hline \text { Insurance Payable } & 1,900 \\\hline \text { Inventory } & 25,000 \\\hline \text { Land } & 30,000 \\\hline \text { Prepaid Insurance } & 4,600 \\\hline \text { Interest Revenue } & 2,500 \\\hline \text { Retained Earnings (Jan. 1, 2014) } & 58,000 \\\hline \text { Salaries Expense } & 48,000 \\\hline \text { Salaries Payable } & 4,600 \\\hline \text { Sales } & 150,000 \\\hline \text { Supplies Inventory } & 1,200 \\\hline \text { Supplies Expense } & 2,000 \\\hline \text { Unearned Rent Revenue } & 700 \\\hline\end{array}$ Required:
Prepare a multiple step income statement for 2014. (Include gross profit, but ignore income taxes.)