E4.6 (LO 2, 3) (Multiple-Step Statement) The following balances were taken from the books of Alonzo Corp. on December 31, 2020. Interest revenue $ 86,000 Accumulated depr $ 40,000 eciation-equipme nt Cash 51,000 Accumulated depr 28,000 eciation-building S Sales revenue Accounts receivabl 1,380,000 150,000 Notes receivable Selling expenses 155,000 194,000 e 170,000 20,000 150,000 Accounts payable Bonds payable 100,000 7,000 97,000 Prepaid insurance Sales returns and a llowances Allowance for dou btful accounts Sales discounts Land Equipment Buildings 45,000 100,000 200,000 140,000 Administrative an d general expenses Accrued liabilities Interest expense Notes payable Loss from earthqu ake damage Common stock Retained earnings 32,000 60,000 100,000 150,000 Cost of goods sold 621,000 500,000 21,000 Assume the total effective tax rate on all items is 20%. Instructions Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year