In its income statement for the year ended December 31, 2020, Novak Company reported the following condensed data Operating expenses $731,780 Interest revenue $30,980 Cost of goods sold 1,303,500 Loss on disposal of plant assets 18,110 Interest expense 74,730 Net sales 2,413,600 Other comprehensive loss 8,200 (a) Prepare a multiple step income statement (List other revenues before other expenses Enter negative amounts using either a negative sign preceding the number e g 45 or parentheses e g (45) ) NOVAK COMPANY Income Statement For the Month Ended December 31, 2020For the Year Ended December 31, 2020December 31, 2020 Owner's Capital, January 1, 2020Total ExpensesOwner's Capital, December 31, 2020Income from OperationsOther Expenses and LossesTotal RevenuesExpensesNet SalesGross ProfitDrawingsNet Income (Loss)Other Revenues and Gains $ Other Expenses and LossesOther Revenues and GainsOwner's Capital, December 31, 2020DrawingsExpensesNet Income (Loss)Owner's Capital, January 1, 2020Total ExpensesTotal RevenuesNet SalesIncome from OperationsGross Profit Gross ProfitNet SalesExpensesDrawingsOther Revenues and GainsOther Expenses and LossesNet Income (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total RevenuesTotal ExpensesIncome from Operations DrawingsExpensesNet Income (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total ExpensesTotal RevenuesNet SalesGross ProfitIncome from OperationsOther Revenues and GainsOther Expenses and Losses $ DrawingsExpensesNet Income (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total ExpensesTotal RevenuesNet SalesGross ProfitIncome from OperationsOther Revenues and GainsOther Expenses and Losses $ Net Income (Loss)DrawingsOther Revenues and GainsOwner's Capital, December 31, 2020Other Expenses and LossesOwner's Capital, January 1, 2020Comprehensive Income (Loss)Gross ProfitOther Comprehensive LossExpensesTotal ExpensesTotal RevenuesNet SalesIncome from Operations $

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In its income statement for the year ended December 31, 2020, Novak Company reported the following condensed data. Operating expenses $731,780 Interest revenue $30,980 Cost

In its income statement for the year ended December 31, 2020, Novak Company reported the following condensed data.

Operating expenses	$731,780	Interest revenue	$30,980
Cost of goods sold	1,303,500	Loss on disposal of plant assets	18,110
Interest expense	74,730	Net sales	2,413,600
		Other comprehensive loss	8,200

(a)

Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

NOVAK COMPANY Income Statement For the Month Ended December 31, 2020For the Year Ended December 31, 2020December 31, 2020
Owner's Capital, January 1, 2020Total ExpensesOwner's Capital, December 31, 2020Income from OperationsOther Expenses and LossesTotal RevenuesExpensesNet SalesGross ProfitDrawingsNet Income / (Loss)Other Revenues and Gains			$

Other Expenses and LossesOther Revenues and GainsOwner's Capital, December 31, 2020DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1, 2020Total ExpensesTotal RevenuesNet SalesIncome from OperationsGross Profit

Gross ProfitNet SalesExpensesDrawingsOther Revenues and GainsOther Expenses and LossesNet Income / (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total RevenuesTotal ExpensesIncome from Operations
DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total ExpensesTotal RevenuesNet SalesGross ProfitIncome from OperationsOther Revenues and GainsOther Expenses and Losses
		$
DrawingsExpensesNet Income / (Loss)Owner's Capital, January 1, 2020Owner's Capital, December 31, 2020Total ExpensesTotal RevenuesNet SalesGross ProfitIncome from OperationsOther Revenues and GainsOther Expenses and Losses
	$


Net Income / (Loss)DrawingsOther Revenues and GainsOwner's Capital, December 31, 2020Other Expenses and LossesOwner's Capital, January 1, 2020Comprehensive Income / (Loss)Gross ProfitOther Comprehensive LossExpensesTotal ExpensesTotal RevenuesNet SalesIncome from Operations			$