Assignment #2: Chapter 5 Review | Assignment sent to Gradebook. Your grade is being recorded Thu, Mar 26, 2020, 1:13:50 PM (America/New York-04:00) Question 1 View Policies Show Attempt History Current Attempt in Progress In its income statement for the year ended December 31, 2020, Sarasota Company reported the following condensed data. Operating expenses Cost of goods sold $738,910 1,325,800 72,880 Interest revenue Loss on disposal of plant assets $31,150 19,020 Interest expense Net sales 2,413,400 Other comprehensive loss 8.800 Your answer is correct. Prepare a multiple step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses es (451 SARASOTA COMPANY Income Statement For the Year Ended December 31, 2020 2.413.400 Cost of Goods Sold - 1.325,800 Gros Profit 1,087.600 Operating Expenses -738,910 Income from Operations 348.690 Other Revenues and Gains Interest Revenue $ 31.150 Other Expenses and Losses Interest Expense 72,880 i Loss on Disposal of Plent Assets 19.020 - 91.900 -60,750 i Net Income /(Loss) $287.940 Prepare a single-step income statement. (Enter negative amounts using elther a negative sign preceding the numberes.-45 or parentheses ee 145W SARASOTA COMPANY Income Statement