CALCULATOR FULL SCREEN P Exercise 5-09 a-b (Part Level Submission) In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data. Salaries and wages expenses $399,900 Loss on disposal of plant assets $71,810 Cost of goods sold 848,820 Sales revenue 1,900,600 Interest expense 59,640 Income tax expense 21,500 Interest revenue 55,900 Sales discounts 137,600 Depreciation expense 266,600 Utilities expense 94,600 (a) Your answer is partially correct. Try again. Prepare a multiple-step income statement. (List other revenues before other expenses.) Concord Corporation Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue 1900600 Sales Discounts 137600 Total Revenues 1763000 Sales Sales Revenue 1900600 Less Sales Discounts 137600 X Total Revenues 1763000 > Cost of Goods Sold 848820 Gross Profit hes 914180 Operating Expenses Salaries and Wages Expense 761100 Depreciation Expense 399900 Utilities Expense 266600 Operating Expenses 94600 153080 Operating Expenses 94600 153080 Sales Cost of Goods Sold 59640 X Operating Expenses Loss on Disposal of Plant Assets 55900 Utilities Expense 149340 21500 Income Before Income Taxes 127840 Income Tax Expense 71810 Net Income / (Loss) 56030