ABC Corporation's accounting records include the following items, listed in no particular order, at December 31, 2018:

The income tax rate for ABC Corporation is 39%.
Prepare ABC's income statement for the year ended December 31, 2018. Omit earnings per share. Use the multi-step format.

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Other Income and (Expenses) $ (7,200) Cost of Goods Sold Operating Expenses $ 30,000 25,000 Net Sales 81,000 3,600 Gain on Discontinued Operations