ES _ TOB In it's income statement for the year ended December 3 1, 2017, Krueger Company reported the following condensed data. Operating expenses $6 47, 000 Interest revenue 20, 000 Cost of goods sold 52 2, 000 Loss on disposal of equipment 7.000 Interest expense* 49,000 Net sales 1. 650, 000 Instructions ( a ) Prepare a multiple - step income statement . ( 1) Prepare a single - step income statement