Problem 1i Garmbino Enterprises, Inc. reported the following Items of revenues and expenses for the year ended December 31, 2022: 50,000 Table Depreciation Expense 75,000 Ti Interest expense Ca Sales...

Extracted text: Problem 1i Garmbino Enterprises, Inc. reported the following Items of revenues and expenses for the year ended December 31, 2022: 50,000 Table Depreciation Expense 75,000 Ti Interest expense Ca Sales returns & allowances 500,000 Cost of goods sold 2,600,000 Heac Rent expense 600,000 Sales revenue 7,000,000 Income tax expense 293,000 Row Wages and salary expense 2,250,000 Co Miscellaneous Income 50,000 Required: Prepare a multiple-step income statement for Gambino Enterprises, Inc. Gambino Enterprises, Inc. had 100,000 common stock shares outstanding for the whole year.