Cullumber, Inc. has the following data for the year ended December 31, 2020:

Net sales		$270,900
Discontinued operations loss		22,200
Cost of goods sold		167,600
Interest expense		4,100
Selling expenses		15,500
Administrative expenses		36,840
Shares of capital stock outstanding, 20,000
Tax rate of 30% on all items

Prepare a multiple-step income statement for Cullumber, Inc. for the year ended December 31, 2020