financial accou

The following accounts have been taken from a company's general ledger as of December 31st, 2020. All data are shown before tax. The income tax rate is 40%. Sales revenue $195,000 Interest revenue $10,000 Interest expense $8,000 Gain on sale of equipment $22,000 Cost of goods sold $85,000 Operating expenses $65,000 Operating income from discontinued operations $50,000 Loss on disposal of discontinued operations $30,000 Prepare a single-step income statement for the year ended December 31, 2020. Omit earnings per share