In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data.

Salaries and wages expenses		$399,900		Loss on disposal of plant assets		$71,810
Cost of goods sold		848,820		Sales revenue		1,900,600
Interest expense		59,640		Income tax expense		21,500
Interest revenue		55,900		Sales discounts		137,600
Depreciation expense		266,600		Utilities expense		94,600

Prepare a multi-step income statement