4) Wheel Company has the following balances at December 31, 2020: Retained earnings, December 31, 2019 Cost of goods sold Depreciation expense Dividends Income tax expense Interest expense Rent expense Sales Wage expense $30,000 56,000 1,450 8,000 2.000 1,050 1,700 68,000 6,800 Required: Prepare a multiple step income statement for the year ended December 31, 2020