Franklin Inc. who manufactures running shoes showed the following balances in these selected accounts on its adjusted trial balance at 12/31/2020: 600 Loss due to hurricane (unusual, material and infrequent) Cost of Goods Sold 3,000 Interest Income 1,320 Discontinued division, Gain on sale 500 Sales 8,000 Interest Expense 200 Selling & Administrative Expenses 1,090 Discontinued division, Operating loss during the year 1,400 All of the above items are pre-tax. The tax rate is 35%. Requirement 1: Calculate Gross Profit (Show your work). (3 points) Requirement 2: Which of the above items, if any, would appear in the Other revenues and gains, and Other expenses and losses sections of the multi-step income statement? (6 points) Requirement 3: Prepare the discontinued operations section of the multi-step income statement (6 points) Note: In typing your answers, clearly label each requirement