Your answer is partially correct. The following information is available for Kingbird Corp. for the year ended December 31, 2022. Other revenues and gains $24.200 Other expenses and losses 4,400 Cost of goods sold 295,000 Sales discounts 5,200 Sales revenue 762,000 Operating expenses 224,000 Sales returns and allowances 11,200 Prepare a multiple-step income statement for Kingbird Corp. The company has a tax rate of 25%. - Uperating expenses Sales returns and allowances 224.000 11.200 Prepare a multiple-step Income statement for Kingbird Corp. The company has a tax rate of 25% KINGBIRD CORP. Income Statement For the Month Ended December 31, 2022 Sales Sales Revenue Less