Exercise 5-10 a-c (Part Level Submission) (Video) In its income statement for the year ended December 31, 2020, Marigold Company reported the following condensed data. Interest revenue Operating expenses Cost of goods sold $748,970 1,348,800 74,260 Loss on disposal of plant assets $30,060 18,640 2,409,600 9,100 Interest expense Net sales Other comprehensive loss (a) Your answer is correct. Prepare multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MARIGOLD COMPANY Income Statement For the Year Ended December 31, 2020 Net Sales 2409600 Cost of Goods Sold 1348800 Gross Profit 1060800 Operating Expenses 748970 Income from Operations 311830 Other Revenues and Gains Interest Revenue 30060 Other Expenses and Losses Interest Expense 74260 Loss on Disposal of Plant Assets 18640 92900 62840 Net Income / (Loss) 248990 (b) Prepare a single-step income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) MARIGOLD COMPANY Income Statement $ $