Module 7, Chapter 6 Handout Merchandising Operations and the Multi-Step Income Statement E6.8 In its income statement for the year ended December 31, 2022, Laine Inc. reported the following condensed data. < < Operating expenses $725,000 Interest revenue $ 33,000 Cost of goods sold 1,256,000 Loss on disposal of plant assets 17,000 Interest expense 70,000+ Net sales 2,200,000 Income tax expense 47,000 Instructions Prepare a multiple-step income statement. < t 3