I need to prepare a multi-step income statement for Coyote, Inc from a single-step statement. Thuis is the following information that I was given.

Net sales $1,833,000
Interest Income 13,000
__________
1,846,000

Costs and expenses
Cost of goods sold 1,072,000
Selling expenses 279,000
General and admin. expenses 175,000
Depreciation 14,000
Interest expense 16,000
Income tax expense 116,000
________
Net income $174,000

My instructor gave the class a template to use. The template has three columns with the headings of 200x, 201x, 202x. I don't know where to get the numbers for the other colums. Can you explain where to find this numbers and what information is needed? Thank you.

To prepare a multi-step income statement from a single-step statement, you will need to gather additional information and make certain calculations. Here is how you can find the numbers for the other columns in the template:

1. Gross Profit: Gross profit is calculated by subtracting the cost of goods sold (COGS) from net sales. In your case, the COGS is given as $1,072,000, so you can calculate the 200x column by subtracting $1,072,000 from the net sales of $1,833,000.

200x Gross Profit = Net Sales - COGS
200x Gross Profit = $1,833,000 - $1,072,000

Similarly, you can calculate the 201x and 202x columns in the same way once you have the relevant information.

2. Operating Income: Operating income is obtained by subtracting operating expenses from gross profit. In the given information, the operating expenses are comprised of selling expenses, general and administrative expenses, and depreciation. To find the values for these expenses in different years, you will need additional data. You can gather this information from the company's financial records or statements for each respective year (201x, 202x).

3. Other Income and Expenses: Other income and expenses include interest income and interest expenses. In your case, the interest income is already given as $13,000. To find the interest expenses for different years, you will need data from the financial records or statements for each respective year (201x, 202x).

4. Income Tax Expense: The income tax expense is provided as $116,000. This value is likely to remain constant across all years unless specified otherwise.

To complete the income statement template for Coyote, Inc, you will need specific financial information for each year (e.g., selling expenses, general and administrative expenses, depreciation, interest expenses). These figures can be obtained from the company's financial records or statements available for each respective year.

Remember to consult with your instructor or refer to any specific guidelines provided by your class to ensure accuracy in preparing the multi-step income statement.