In its income statement for the year ended December 31, 2027, Pharoah Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $418,500 888,300 63,900 58,500 279,000 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense Prepare a multiple-step income statement. (List other revenues before other expenses.) $75,150 1,989,000 22,500 144,000 99,000

Prepare a multiple-step incomestatement. (List other revenues before other expenses)