An analysis of the transactions of Rutherford Company for the year ended December $31$ yields the following information: sales revenue, $$67,000$; insurance expense, $$4,300$; interest income, $$4,200$; cost of goods sold, $$28,700$; salaries expense, $$25,000$; income taxes expense, $$2,300$; and loss on disposal of property, plant, and equipment, $$1,500.$

Required:

Prepare a multiple$-$step income statement.

Rutherford Company

Income Statement

For the year ending December $31$

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