Exercise 217 (Part Level Submission)

Bolivia Company gathered the following condensed data for the year ended December 31, 2016:

Cost of goods sold		$760,000
Net sales		1,400,000
Operating expenses		277,000
Interest expense		43,000
Dividend revenue		40,000
Casualty loss from vandalism		125,000 Prepare a multiple-step income statement for the year ended December 31, 2016.