Multiple step income statement

Metlock Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: Accounts payable $21,930 Interest expense $4,300 Cash dividends-common 51,600 Notes payable 86,000 Common shares 172,000 Retained earnings (Aug. 1, 2023) 302,720 Cost of goods sold 266,600 Salaries expense 120,400 Dividends payable 12,900 Sales 571,900 Income tax expense 25,800 Supplies expense 8,600 Income tax payable 2,580 Unearned revenue 10,320 All accounts have normal balances and total assets equal $703,050. Metlock has a 20% income tax rate