In its income statement for the year ended December 31, 2017, Wildhorse Co. reported the following condensed data $465,000 Loss on disposal of plant assets Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $83,000 2,250,000 25,000 150,000 120,000 945,000 Sales revenue 66,000 71,000 Income tax expense Sales discounts 320,000 Utilities expense Your answer is partially correct Prepare a multiple-step income statement. (List other revenues before other expenses.) WILDHORSE CO. Income Statement For the Year Ended December 31, 2017 Net Sales Sales Revenue WILDHORSE CO Income Statement For the Year Ended December 31, 2017 Net Sales 2,250,000 Sales 150,000 Net Sales 2,400,000 Cost of Goods Sold 945,000 Gross Proht 1155,000 Salaries and Wages Expense 465,000 Expense 320,000 120.000 Total Operating Expenses 905,000 250.000 Other Revenues and Gains 71,000 Other Expenses and Losses 04% Cost of Goods Sold Gross Profnt 465,000 Salaries and Wages Expense 120,000 Utilities Expense 905,000 250,000 Other Revenues and Gains 71,000 Other Expenses and Losses 83000 Loss on Disposal of Plant Assets Income Before Income Taxes Tax Expense 25,000 Net Income/ (Loss)