Rogers Motorsports Selected Accounts as of December 31,2018,follow Prepare the Multi-Step Income Statement for the Year Ended December

Essay

Rogers Motorsports selected accounts as of December 31,2018,follow:
$$\begin{array} { | l | r | } \hline \text { Administrative Expenses } & \$ 130,000 \\\hline \text { Cost of Goods Sold } & 200,000 \\\hline \text { Interest Revenue } & 2,500 \\\hline \text { Net Sales Revenue } & 450,000 \\\hline \text { Selling Expenses } & 80,000 \\\hline\end{array}$$ Prepare the multi-step income statement for the year ended December 31,2018.