In its income statement for the year ended December $31,$

$2022,$Sandhill Co$.$reported the following condensed

data.Salaries and wages expensesLoss on disposal of plant assetsCost of goods soldSales revenueInterest expenseIncome tax expenseInterest revenueSales discountsDepreciation expenseUtilities expense

Prepare a multiple$-$step income statement.$($List

other revenues before other expenses.$)$SANDHILL CO$.$

Income Statement

choose the accounting period$$

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$$December $31,2022$For the Year Ended

December $31,2022$For the Month Ended December $31,2022$select an opening name for section one$$

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$$DividendsNet Income $/$

$($Loss$)$Retained Earnings, January $1$Retained Earnings, December

$31$Sales RevenuesTotal RevenuesSalesGross ProfitOperating

ExpensesTotal Operating ExpensesIncome Before Income TaxesOther

Revenues and GainsOther Expenses and LossesIncome From

OperationsNet Salesenter an income statement item$enter a dollar amount$$select between addition and deduction$$

$$

$$

$$

$$AddLess:$$enter an

income statement itementer a dollar amountselect a closing name for section one$$

$$

$$

$$

$$DividendsNet Income $/$

$($Loss$)$Retained Earnings, January $1$Retained Earnings, December

$31$Sales RevenuesTotal RevenuesSalesGross ProfitOperating

ExpensesTotal Operating ExpensesIncome Before Income TaxesOther

Revenues and GainsOther Expenses and LossesIncome From

OperationsNet Salesenter a total amount for section oneenter an income statement itementer a dollar amountselect a summarizing line for the first part$$

$$

$$

$$

$$

$$DividendsNet Income $/($Loss$)$Retained Earnings, January

$1$Retained Earnings, December $31$Sales RevenuesTotal

RevenuesSalesGross ProfitOperating ExpensesTotal Operating

ExpensesIncome Before Income TaxesOther Revenues and GainsOther

Expenses and LossesIncome From OperationsNet Salesenter a total amount for the first partselect an opening name for section two$$

$$

$$

$$

$$DividendsNet Income $/$

$($Loss$)$Retained Earnings, January $1$Retained Earnings, December

$31$Sales RevenuesTotal RevenuesSalesGross ProfitOperating

ExpensesTotal Operating ExpensesIncome Before Income TaxesOther

Revenues and GainsOther Expenses and LossesIncome From

OperationsNet Salesselect an income statement item$enter a dollar amount$$select an income statement itementer a dollar amountselect an income statement itementer a dollar amountselect a closing name for section two$$

$$

$$

$$

$$DividendsNet Income $/$

$($Loss$)$Retained Earnings, January $1$Retained Earnings, December

$31$Sales RevenuesTotal RevenuesSalesGross ProfitOperating

ExpensesTotal Operating ExpensesIncome Before Income TaxesOther

Revenues and GainsOther Expenses and LossesIncome From

OperationsNet Salesenter a total amount for section twoselect a summarizing line for the second part$$

$$

$$

$$

$$

$$DividendsNet Income $/($Loss$)$Retained Earnings, January

$1$Retained Earnings, December $31$Sales RevenuesTotal

RevenuesSalesGross ProfitOperating ExpensesTotal Operating

ExpensesIncome Before Income TaxesOther Revenues and GainsOther

Expenses and LossesIncome From OperationsNet Salesenter a total amount for the second partselect an opening name for section three$$

$$

$$

$$

$$

$$DividendsNet Income $/($Loss$)$Retained Earnings, January

$1$Retained Earnings, December $31$Sales RevenuesTotal

RevenuesSalesGross ProfitOperating ExpensesTotal Operating

ExpensesIncome Before Income TaxesOther Revenues and GainsOther

Expenses and LossesIncome From OperationsNet Salesenter an income statement itementer a dollar amountselect an opening name for section four$$

$$

$$

$$

$$DividendsNet Income $/$

$($Loss$)$Retained Earnings, January $1$Retained Earnings, December

$31$Sales RevenuesTotal RevenuesSalesGross ProfitOperating

ExpensesTotal Operating ExpensesIncome Before Income TaxesOther

Revenues and GainsOther Expenses and LossesIncome From

OperationsNet Salesenter an income statement itementer a dollar amountenter an income statement itementer a dollar amountenter a subtotal of the two previous amountsselect a summarizing line for the third part$$

$$

$$

$$

$$

$$DividendsNet Income $/($Loss$)$Retained Earnings, January

$1$Retained Earnings, December $31$Sales RevenuesTotal

RevenuesSalesGross ProfitOperating ExpensesTotal Operating

ExpensesIncome Before Income TaxesOther Revenues and GainsOther

Expenses and LossesIncome From OperationsNet Salesenter a total amount for all three partsenter an income statement itementer a dollar amountselect a closing name for this statement$$

$$

$$

$$

$$

$$DividendsNet Income $/($Loss$)$Retained Earnings, January

$1$Retained Earnings, December $31$Sales RevenuesTotal

RevenuesSalesGross ProfitOperating ExpensesTotal Operating

ExpensesIncome Before Income TaxesOther Revenues and GainsOther

Expenses and LossesIncome From OperationsNet Sales$enter a total net income or loss amount$$