prepare a multiple step income statement for 2020. assume 200,000 shares of common stock were outstanding during 2020

Presented below is information related to Sandhil Corp, for the year 2020 Show Timer Net sales Cost of goods sold Selling expenses Acheinistrative perses Dividend revenue Interest revenue Interestexpense Write-off of goodwil due to impairment Depreciation expense omitted in 2018 Dividendschilared Effect on prior years of change in accounting principle credit) Loss from operations of discontinued component of business Gain from disposal of component of business Federal tax rate of 30% on alitems $3,315,000 2040,000 161.500 119,000 51,000 34000 76500 127500 178.500 200 000 370.000 0 000 510 DOO Precare multiple step income statement for 2020. Asume the 200.000 shares of common stock were outstanding during 2020. Round examin share to 2 decimal places 5.25 Sandhill Corp INCOME STATEMENT