View Policies Current Attempt in Progress vanhoe Corporation's capital structure consists of 50.000 shares of common stock At December 31, 2020 en analysis of the accounts and discussions with company officials revealed the following information Sales revenue Discontinued operations loss (net of tax) Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue Unearned service revenue Interest payable Land Patents Retained earnings, January 1, 2020 Interest expense Administrative expenses Dividends declared Allowance for doubtful accounts Notes payable (maturity 7/1/23) Machinery Materials Accounts payable $1.248.000 S8.800 128,500 59.000 89.400 200,000 699,000 176,800 7,400 4.700 1.800 380,000 104.000 225.010 16,400 169.200 24.000 4.700 206.000 442.000 38.400 61.600 The amount of income taxes applicable to income was 572.690.excluding the tax effect of the discontinued operations loss which amounted to $25 200 -V 10 (a) Prepare a multiple-step income statement. Ivanhoe Corporation INCOME STATEMENT $ V