Do It! Review 5-05 al-a2 The following information is available for Berlin Corp. for the year ended December 31, 2020: Other revenues and gains Other expenses and losses Cost of goods sold Other comprehensive income $12,700 Sales revenue 13,300 Operating expenses 156,000 Sales returns and allowances 5,400 $592,000 186,000 40,000 Your answer is partially correct. Try again. Prepare a multiple-step income statement for Berlin Corp. (If there is a net loss then enter the amount parentheses e.g. (45).) BERLIN CORP. Income Statement For the Year Ended December 31, 2020 v Revenues Sales Revenue 592000 Less Sales Returns and Allowances 40000 x Net Sales 55200 55200 Net Sales x Cost of Goods Sold 15600 IX Gross Profit 39600 X 18600 Operating Expenses > Income From Operations 210000 > Other Revenues and Gains 12700 > Other Expenses and Losses 13300 > 600 Net Income (Loss) 146580 Prepare a comprehensive income statement for Berlin Corp. BERLIN CORP. Comprehensive Income Statement For the Year Ended December 31, 2020 > Net Income / (Loss) 146580 Other Comprehensive Income / (Loss) 3780 X Comprehensive Income / (Loss) 150360 $