ed The trial balance of Muscat Company included the following accounts as of December 31, 2021: .00 Debits Sales revenue Credits Interest revenue 8,310,000 59,000 Gain on sale of investments Gain on debt securities 119,000 139,500 Loss on projected benefit obligation Cost of goods sold 159,000 6,111,000 Selling expense Goodwill impairment loss 710,000 505,000 Interest expense 29,000 General and administrative expense 490,000 The gain on debt securities represents the increase in the fair value of debt securities and is classified as a component of other comprehensive income. Muscat Company had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2021 multiple-step income statement. ( 6 Marks) Stop sharing Hide Il mcbs.proctoring.online is sharing your screen. FS o