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1) Multiple step income statement. Presented below is information related to Nadar Company. Retained earnings, December 31, 2020 $ 650,000 Sales revenue 1,600,000 Selling and administrative expenses 290,000 Discontinued operations loss (pre-tax) 290,000 Cash dividends declared on common stock 33,600 Cost of goods sold 880,000 Cash 520,000 Other revenue 120,000 Other expenses 100,000 Instructions Prepare in Excel and in good form a multiple-step income statement for the year 2021. Only use appropriate information from above to prepare the multiple-step income statement. Assume a 30% tax rate and that 40,000 shares of common stock were outstanding during the year