From the following information, prepare a multiple step income statement, starting with the proper title.

Administrative expense

Officers' salaries                                                 6,860

Depreciation of office furniture and equipment          5,544

Cost of goods sold                                              84,798

Rental revenue                                                   24,122

Selling expense

Transportation-out                                             3,766

Sales commissions                                               11,172

Depreciation of sales equipment                              9,072

Sales                                                                 135,100

Income tax                                                         12,698

Interest expense                                                  2,604