Century Company, a diversified manufacturing company, had four separate operating divisions engaged in the manufacture of products in each of the following areas: food products, health aids, textiles, and office equipment. Financial data for the 2 years ended December 31, 2020 and 2019 are presented here:

	Net Sales
	2020	2019
Food products	$3,500,000	$3,000,000
Health aids	2,000,000	1,270,000
Textiles	1,580,000	1,400,000
Office equipment	920,000	1,330,000
	$8,000,000	$7,000,000

	Cost of Sales
	2020	2019
Food products	$2,400,000	$1,800,000
Health aids	1,100,000	700,000
Textiles	500,000	900,000
Office equipment	800,000	1,000,000
	$4,800,000	$4,400,000

	Operating Expenses
	2020	2019
Food products	$ 600,000	$ 300,000
Health aids	250,000	150,000
Textiles	200,000	100,000
Office equipment	650,000	750,000
	$1,700,000	$1,300,000

On January 1, 2020, Century adopted a plan to sell the assets and product line of the office equipment division and considered it a component of the company. On September 1, 2020, the division's assets and product line were sold for $2,100,000 cash, resulting in a gain of $640,000.

The company's textiles division had six manufacturing plants that produced a variety of textile products. In April 2020, the company sold one of these plants and realized a gain of $130,000. After the sale, the operations at the plant that was sold were transferred to the remaining five textile plants which the company continued to operate.

In August 2020, the main warehouse of the food products division, located on the banks of the Bayer River, was flooded when the river overflowed. The resulting damage of $420,000 is not included in the financial data given previously. Historical records indicate that the Bayer River normally overflows every 4 to 5 years, causing flood damage to adjacent property.

For the 2 years ended December 31, 2020 and 2019, the companys investments generated interest income of $70,000 and $40,000, respectively.

The provision for income tax expense for each of the 2 years should be computed at a rate of 40%.

Required:

Prepare in proper form a multiple-step comparative income statement for Century for the 2 years ended December 31, 2020, and December 31, 2019. Earnings per share information and footnotes are not required.

CENTURY COMPANY
Comparative Statements of Income
For the Two Years Ended December 31, 2020 and December 31, 2019
	2020	2019
Net sales	$fill in the blank 2	$fill in the blank 3
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	$fill in the blank 8	$fill in the blank 9
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	$fill in the blank 14	$fill in the blank 15
Other items
	$fill in the blank 17	$fill in the blank 18
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Total other items	fill in the blank 23	$fill in the blank 24
	$fill in the blank 26	$fill in the blank 27
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	$fill in the blank 32	$fill in the blank 33
	$fill in the blank 36	fill in the blank 37
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Net loss on discontinued operations	$fill in the blank 41	fill in the blank 42
	$fill in the blank 44
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Net gain on sale of discontinued division	$fill in the blank 47
	$fill in the blank 49	$fill in the blank 50