The following list of items was extracted from the December 31, 2020, trial balance of Future Products Corp. Using the information contained in this listing, prepare the company?s multiple-step income statement for 2020. You need not complete the earnings per share calculations.

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Debit Credit 75.000 comon sares were oustanong. Salaries expense. $ 73,370 102,498 Income tax expense (continuing operations). Loss from operating Division C (net of $11,220 tax benefit). Sales. Total effect on prior years' profit of change from declining- balance to straight-line depreciation (net of $10,560 tax).. Gain on provincial condemnation of land owned by Future. Depreciation expense . Gain on sale of Division C (net of $21,670 tax). Cost of goods sold. 26,400 $770, 264 35,640 102,080 68,310 72,600 462,220