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In its income statement for the year ended December 31, 2025, Ivanhoe Inc. reported the following condensed data. Operating expenses $724,000 Interest revenue $37,000

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In its income statement for the year ended December 31, 2025, Ivanhoe Inc. reported the following condensed data. Operating expenses $724,000 Interest revenue $37,000 Cost of goods sold 1,260,000 Loss on disposal of plant assets 21,000 Interest expense Income tax expense 73,000 Sales revenue 2,344,000 48,000 Sales discounts 145,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) IVANHOE INC. Income Statement IVANHOE INC. Income Statement

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