E5-10 In its income statement for the year ended December 31, 2017, Anhad Company reported the following condensed data. Operating expenses $ 725,000 Interest revenue revenue $ 28,000 Cost of goods sold 1,289,000 Loss on disposal of plant assets 17,000 Interest expense 70,000 Net sales Net sales 2,200,000 Instructions (a) Prepare a multiple-step income statement. (b) Prepare a single-step income statement