Exercise 13-14 Income statement categories L04 The following list of items was extracted from the December 31, 2020, trial balance of Future Products Corp. Use the following information Credit Debit $ 88,370 115,746 27,400 $861,790 Salaries expense Income tax expense (continuing operations) Loss from operating Division (net of $11,420 tax benefit) Sales Total effect on prior years' profit of change from declining balance to straight- line depreciation (net of $12,560 tex) Gain on provincial condemnation of land owned by Future Depreciation expense Goin on sale of Division C (net of $22,760 tax) Cost of goods sold 39,640 103, 200 70,410 73,600 472,220 FUTURE PRODUCTS CORP Income Statement For Year Ended December 31, 2020 Operating expenses Total operating expenses Other revenues expenses Discontinued operations