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Question 10 O out of 3 points Using the Jarrett Company adjusted trial balance below, what amount is reported as income from operations for 2019 if a multistepincome statement is prepared? Column Column2 Column3 Jarrett Company Adjusted trial balance Year ended 12.31.2019 Debit Credit Cash 420,000 Accounts receivable 950,000 Inventory 1,200,000 Accounts payable 560,000 Common stock 200,000 Retained earnings 320,000 Sales 3,000,000 Sales discounts 25,000 Sales returns and allowances 75,000 Cost of goods sold 1,200,000 Administrative expenses 300,000 Selling expenses 200,000 Gain on the sale of equipment 170,000 Interest revenue 220,000 Interest expense 250,000 Rental revenue 200,000 Totals 4,620.000 4,620,000 Tax rate 40% 200,000 Weighted common shares outstanding