am i on the right track? please provide an answer. thank you so much.

TO Student App Problem I (14 points) Presented below is an income 2020 for the year anded December Kinder Company Income Statement For the Year Ended December 31, 2020 Net sales $840.000 . Costs and expenses: Cost of goods sold Selling general, and administrative expenses Other, net Total costs and expenses .. Division Income before income taxes 500 000 >70,000 40.000 670.000 170,000 > 34.000 $136.000 Income taxes ..MSU Net income Additional information: 1. "Selling, general, and administrative expenses" included a usual but Infrequent charge of $7,000 due to a loss on the sale of investments 2. "Other, net" consisted of interest expense, $10,000, and a discontinued operations loss of $30,000 before taxes. If the discontinued operations loss had not occurred income taxes for 2020 would have been $40,000 instead of $34,000. 4. Kinder had 40,000 shares of common stock outstanding during 2020. Required: Using the single-step format, prepare a corrected income statement, including the appropriate per share disclosures Use the financial statement on the next page to complete your answer. Campus MSU Meridian Diofusies New Student Orie A us *1819 11 Kinder Company Income Statement For the Year Ended December 31, 2020 Color Scos Sold elit, s ex Zo Les on Sale of Innes Total 0 21 expre 10.00 Grooo) les income tax Lancome from Lonely apertor(A) I Incorelllos from Discoadmes of loss Dixon 48: Income tat (udo0o-34.000) Los f ilhos Near for Share Of Cocoon slock Income from Contining opren E16.2/30,000 Dikonte al Coll C . I 5.53 -0.yo