Exercise 5-09 a-b (Part Level Submission) In its income statement for the year ended December 31, 2022, Kingbird, Inc. reported the following condensed data. Salaries and wages expenses $548,700 Loss on disposal of plant assets $98,530 Cost of goods sold 1,164,660 Sales revenue 2,607,800 Interest expense 85,200 Income tax expense 29,500 Interest revenue 76,700 Sales discounts 188,800 Depreciation expense 365,800 Utilities expense 129,800 (a) Prepare a multiple-step income statement. (List other revenues before other expenses.) Kingbird, Inc. Income Statement For the Year Ended December 31, 2022 Sales 2607800 Sales Revenue Less Sales Discounts 188800 Net Sales 2419000 Cost of Goods Sold 1164660 1254340 Gross Profit Operating Expenses 5JE O O OAO gwi Ps LP Ae Salaries and Wages Expense 548700 Depreciation Expense 365800 Utilities Expense 129800 Gross Profit 210040 Total Operating Expenses Income From Operations Interest Revenue Other Expenses and Losses Loss on Disposal of Plant Assets Interest Expense Income Before Income Taxes Income Tax Expense 29,500 Net Income /(Loss) Click if you would like to Show Work for this question: Open Show Work