Can u help me understand a Multi comprehensive income statement using this picture

*Course Hero Ch 4 Review i [Solved] The prelim.. Saved Help Save & Exi You received partial credit in the previous attempt. Check my work View previou Sales revenue 2021 2020 Cost of goods sold $4, 500, 000 $3, 600, 000 Administrative expense 2, 880, 000 2, 020. 000 Selling expense 820, 000 695, 000 12.5 Interest revenue 380, 000 322, 000 152, 000 142, 000 points Interest expense 204, 000 204, 000 Loss on sale of assets of discontinued component 56, 000 On July 1, 2021, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by GAAP. Book The assets of the component were sold on September 30, 2021, for $56,000 less than their book value. Results of operations for the component (included in the above account balances) were as follows: 1/1/2021-9/30/2021 2020 Print Sales revenue $ 420, 000 $ 520, 000 Cost of goods sold (300 , 000 (332, 000 Administrative expense (52, 000) ( 42, 000) L Selling expense (22, 000) (22, 000) References Operating income before taxes $ 46, 000 $ 124, 000 In addition to the account balances above, several events occurred during 2021 that have not yet been reflected in the above accounts : 1. A fire caused $52,000 in uninsured damages to the main office building. The fire was considered to be an unusual event. 2. Inventory that had cost $42,000 had become obsolete because a competitor introduced a better product. The inventory was written down to its scrap value of $5,000. 3. Income taxes have not yet been recorded. Required: Prepare a multiple-step income statement for the Reed Company for 2021, showing 2020 information in comparative format, including income taxes computed at 25% and EPS disclosures assuming 300,000 shares of outstanding common stock. (Amounts to be deducted should be indicated with a minus sign. Round EPS answers to 2 decimal places.) MC MacBook Pro