Clarke's Cookie Company provided the following accounts from its year-end trial balance. (Click the icon to view the year-end trial balance accounts.) The company is subject to a 30% income tax rate. Requirement Prepare a multiple-step income statement for the current year. Prepare Clarke's multiple-step income statement for the current year, one section at a time. (List the subheadings in the order they are typically shown on a multi-step income statement. Use parentheses or a minus sign to enter other expenses or a loss.) Clarke's Cookie Company Statement of Net Income For the Current Year Ended Less: Trial balance Clarke's Cookie Company Adjusted Trial Balance (Selected Accounts) For the Current Year Ended Account Debit Credit Common Stock (no par): Beginning Balance $ 458,000 Retained Earnings: Beginning Balance 1,500,000 Accumulated Other Comprehensive Income: Beginning Balance $ 67,000 Dividends 63,000 Sales 2,200,000 Interest Income 5,000 Dividend Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities 4,200 78,000 29,000 Print Done - Trial balance Gain on Sale of Discontinued Operations-Before Tax Unrealized Gain on Available-for-Sale Bonds-Before Tax 72,000 4,500 Cost of Goods Sold 510,000 Selling Expenses 39,000 Office Salaries Expense 79,000 Legal Fees-General 9,800 Sales Salaries Expense 31,000 Advertising Expense 25,000 Office Supplies Expense 54,000 Accounting Fees-Administrative 26,000 Amortization Expense-General 20,000 Depreciation Expense-General 25,000 Interest Expense 7,900 Print Done 10.000 - Trial balance Call On Sale of Discontinued Operations-Defore Tax Unrealized Gain on Available-for-Sale Bonds-Before Tax 12,000 4,500 Cost of Goods Sold 510,000 Selling Expenses 39,000 Office Salaries Expense 79,000 Legal Fees-General 9,800 Sales Salaries Expense 31,000 Advertising Expense 25,000 Office Supplies Expense 54,000 Accounting Fees Administrative 26,000 Amortization Expense-General 20,000 Depreciation Expense-General 25,000 Interest Expense 7,900 Loss on Asset Impairment 10,000 Print Done