Exercise 5-10 (Part Level Submission) In its income statement for the year ended December 31, 2017, Kingbird, Inc. reported the following condensed data. 870,000 39,600 Operating expenses Interest revenue Cost of goods sold 1,507,200 20,400 Loss on disposal of plant assets 84,000 Net sales 2,640,000 Interest expense 56,400 9,960 Income tax expense Other comprehensive income (net of $1,440 tax) (a) Prepare an income statement. KINGBIRD, INC. Income Statement $ $