3. The following balances were taken from the books of Alonzo Corp. on December 31, 2020: Interest revenue. $86,000 Accumulated depreciation equipment. $40,000 Cash.. $51,000 Accumulated depreciation-buildings. $28,000 Sales revenue. $13,80,000 Notes receivable. $1,55,000 Accounts receivable. $1,50,000 Selling expenses. $1,94,000 Prepaid insurance. -$20,000 Accounts payable. $1,70,000 Sales returns and allowances. $1,50,000 Bonds payable... $1,00,000 Allowance for doubtful accounts. $7,000 Administrative and general expenses. $97,000 Sales discounts. $45,000 Accrued liabilities $32,000 Land.... $1,00,000 Interest expense. $60,000 Equipment $2,00,000 Notes payable. $1,00,000 Buildings.. $1,40.000 Loss from earthquake damage. $1,50.000 Cost of goods sold. $6,21,000 Common stock $5,00,000 Retained earnings . $21,000 Assume the total effective tax rate on all items is 34%. VTT Required Prepare a multiple-step income statement: 100.000 shares of common stock were outstanding during the year. [10]