Current Attempt in Progress

Assume the total effective tax rate on all items is $20\%.$

Prepare a multiple$-$step income statement; $100,000$ shares of common stock were outstanding during the year. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ List other revenues and gains before other expenses and losses.$)$

NOVAK CORP.

Income Statement

For the Year Ended December $31,2025$

Sales Revenue

$

$