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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 |
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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