Please assist with teachable solution. I need it explained to me. There are past solutions on the past three i posted in your database but need an explanation please.

Eleventh Canadian Edition 94. Multiple-step income statement.(5 Points) Presented below is information related to Farr Company Retained earnings, December 31, 2010 Sales Selling and administrative expenses Hurricane loss (pre-tax) on plant (extraordinary item) Cash dividends declared on common stock Cost of goods sold Gain resulting from computation error on depreciation charge in 2009 (pre-tax) Other revenue Other expenses $ 650,000 1,400,000 240,000 290,000 33,600 780,000 520,000 100,000 Instructions Prepare in good form a multiple-step income statement for the year 2011. Assume a rate and that 80,000 shares of common stock were outstanding during the year. 30% tax