Brief Exercise 5-07 The following information is available for Teal Mountain Corp. for the year ended December 31, 2022. Other revenues and gains Other expenses and losses Cost of goods sold Sales discounts Sales revenue Operating expenses Sales returns and allowances $24,000 4,200 293,000 4,800 761,000 222,000 10,800 ay Prepare a multiple-step income statement for Teal Mountain Corp. The company has a tax rate of 25%. TEAL MOUNTAIN CORP. Income Statement For the Year Ended December 31, 202210 Sales . Sales Revenue 761000 Less Sales Returns and Allowances $ 10800 Sales Discounts 48000 Drivary Dolly nnn.Tak