Question 3.12 - Prepare a multiple-step income statement for JackRabbit, Inc. from the single-step statement provided on Page 146 and answer the following questions using the multiple-step statement a. The gross profit b. Operating profit c. Other income (expense) total. d. Pre-tax income. com 1 2016 2015 2014 using the income statements for 3.12. Prepare a multiple-step income statement for Jackrabbit Inc. from the following single- step statement. Net sales Gain on sale of equipment Interest income $1,840,000 15,000 13,000 1,868,000 Costs and expenses: Cost of goods sold Selling expenses General and administrative expenses Depreciation Equity losses Interest expense Income tax expense Net income 1,072,000 270,000 155,000 24,000 9,000 16,000 96,000 $ 226,000