The Following Data for the Current Year Ended June 30

Essay

The following data for the current year ended June 30 are from the accounting records of Zanadu Co.:​ $\begin{array}{lr}\text { Administrative expenses } & \$ 28,750 \\\text { Cost of merchandise sold } & 181,440 \\\text { Interest expense } & 3,600\\\text { Rent revenue } & 1,500 \\\text { Sales } & 534,440 \\\text { Selling expenses } & 65,000\end{array}$ Prepare a multiple-step income statement for the year ended June 30.​