Gala Fruit Corp's accounting records include the following items, listed in no particular order, at December 31, 2014.
Other gains (losses)........................$(12,500).............Net sales revenue........$100,000
Cost of goods sold...........................35,000..............Operating expenses.........30,000
Gain on discontinued Accounts receivable 9,500..............operations.....................7,500
Income tax of 40 percent applies to all items.
Prepare Gala Fruit Corp.'s multi-step income statement for the year ended December 31, 2014. Omit earnings per share.