Shown below is an income statement for 2020 that was prepared by a poorly trained bookkeeper of Cullumber Corporation Cullumber Corporation INCOME STATEMENT December 31, 2020 Sales revenue Investment revenue Cost of goods sold Selling expenses Administrative expenses Interest expense Income before special items Special items Loss on disposal of a component of the business Net federal income tax liability Net income $825.000 18,000 (406,000) (143,500) (193,700) (12,500) 87.300 (42.2001 (13,530) $31.570 Prepare a multiple-step income statement for 2020 for Cultumber Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). Cullumber Corporation has 50,000 shares of common stock outstanding and has a 30% federal income tax rate on all tax related items (Round per shore values to 2 decimal places a $2.50) Cullumber Corporation INCOME STATEMENT > > > > > > > >