An analysis of the transactions of Rutherford Company for the year ended December 31 yields the following information: sales revenue, $68,000; insurance expense, $4,300; interest income, $3,800; cost of goods sold, $29,100; salaries expense, $23,000; income taxes expense, $2,500; and loss on disposal of property, plant, and equipment, $1,100.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.

Open spreadsheet

Required:

Prepare a multiple-step income statement.

Rutherford Company Income Statement For the year ending December 31
Sales revenue	$fill in the blank 3
Interest income	fill in the blank 5
Gross margin		$fill in the blank 7
Operating expenses:
	$fill in the blank 9
	fill in the blank 11
Total operating expenses		fill in the blank 12
Income from Operations		$fill in the blank 13
Other income and expenses:
	$fill in the blank 15
	fill in the blank 17
Total other income and expenses		fill in the blank 18
Income before income taxes		$fill in the blank 19
		fill in the blank 21