The Following Data for the Year Ended June 30, 2016 $\begin{array}{lr}\text { Cost of merchandise sold } & \$ 300,000 \\\text { Operating expenses } & 95,000 \\\text { Sales } & 450,000\end{array}$

The following data for the year ended June 30, 2016, were extracted from the accounting records of Roof Co.: $\begin{array}{lr}\text { Cost of merchandise sold } & \$ 300,000 \\\text { Operating expenses } & 95,000 \\\text { Sales } & 450,000\end{array}$
$\text { Prepare a multiple-step income statement for the current year ended June 30, } 2016 .$