BE 5.7 (L04), AP The following information is available for Rancid Corp. for the year ended December 31, 2022 Other revenues and gains Other expenses and losses Cost of goods sold Sales discounts $ 22,600 3,400 286,000 3,600 Sales revenue Operating expenses Sales returns and allowances $752,000 216,000 10,000 Prepare a multiple-step income statement for Rancid Corp. The company has a tax rate of 25%