The Accounting Records for Pocket's Restaurant Supply Contained the Following

Essay

The accounting records for Pocket's Restaurant Supply contained the following data for the current year:
$\begin{array}{ll}\text { Sales } & \$ 547,500 \\\text { Cost of goods sold } & 223,800 \\\text { Interest revenue } & 6,500 \\\text { Rent revenue } & 3,600 \\\text { Administrative expense } & 141,300\\\text { Selling expense } & 133,600 \\\text { Interest expense } & 15,400 \\\text { Income tax expense } & 8,100 \\\text { Loss on sale of warehouse } & 6,500\end{array}$ Required:
Prepare both a single-step and a multi-step income statement for Campbell's for the current year.