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 Interest expense 1,260,000 Loss on disposal of plant assets 21,000 73,000 Sales revenue 2,344,000 Income tax expense 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 For the Year Ended December 31, 2025 Net Sales Cost of Goods Sold Less gross Net Sales ost of Goods Sold Gross Profit