The following information is available for Berlin Corp. for the year ended statement and comprehensive December 31, 2017;

Prepare a multiple-step income statement for Berlin Corp. and comprehensive income statement. The company has a tax rate of 30%. This rate also applies to the other comprehensive income.

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Other revenues and gains Other expenses and losses Cost of goods sold Other comprehensive income $ 12,700 Sales revenue $592,000 13,300 Operating expenses 186,000 156,000 Sales returns and 5,400 allowances 40,000