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In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data. Operating expenses $ 733,000 Interest revenue Cost

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In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data. Operating expenses $ 733,000 Interest revenue Cost of goods sold 1,269,000 Loss on disposal of plant assets $ 46,000 29,000 2,212,000 Interest expense 83,000 Net sales Income tax expense 58,000 Other comprehensive income (net of $1,200 tax) 9,600 (a) Prepare a multiple-step income statement. Novak Corp. Income Statement

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