Problems conned Selected information about income statement accounts for the Reed Company is presented below (the compar fiscal year ends on December 31). P 4-1 Comparative income statements multiple-step format L04-1,L04-3, 2018 2017 Sales Cost of goods sold Administrative expenses Selling expenses Interest revenue Interest expense Loss on sale of assets of discontinued component $4,400,000 2,860,000 800,000 360,000 150,000 200,000 50,000 $3,500,000o 2,000,000 675,000 312,000 140,000 200,000 04-4,L04-5