Answer:
<u>Splish Brothers Corp.</u>
<u>Multiple-step income statement for the year ended December 31, 2022.</u>
Sales Revenue                                                                  759,000
Less sales returns and allowances                                   (10,600)
Net Sales                                                                            748,400
Less Costs of Good Sold                                                 (291,000)
Gross Profit                                                                        457,400
Less Operating Expenses
Operating expenses                          220,000
Sales discount                                        4,800               (224,800)
Operating Profit                                                                232,600
Less Non - Operating Expenses 
Other revenues and gains                (23,600)
Other expenses and losses                 4,000                    19,600
Net Profit before tax                                                        252,200
Income tax expense                                                         (63,050)
Net Profit after tax                                                              189,150
Explanation:
Multiple-step income statement shows separately the income generated from Primary activities and that generated from Secondary activities as above.