In its income statement for the year ended December 31, 2025, Pharoah Inc. reported the following condensed data. Operating expenses $716,000 Interest revenue $28,000 Cost of goods sold 1,251,000 Loss on disposal of plant assets 12,000 Interest expense 66,000 Sales revenue 2,350,000 Income tax expense 40,000 Sales discounts 154,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) PHAROAH INC. Income Statement For the Year Ended December 31, 2025 Net Sales I