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In its income statement for the year ended December 31, 2020, Sheridan Company reported the following condensed data. Operating expenses $ 759,720 Interest revenue $

In its income statement for the year ended December 31, 2020, Sheridan Company reported the following condensed data.

Operating expenses $ 759,720 Interest revenue $ 29,970
Cost of goods sold 1,334,200 Loss on disposal of plant assets 15,910
Interest expense 71,270 Net sales 2,416,300
Other comprehensive income 6,920

Prepare a multiple-step income statement. (List other revenues before other expenses. If there is a net loss then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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