Income statement information for Flounder Tire Repair Corporation for the year 2020 follows: General and administrative expenses: Salaries and wages expense Depreciation expense-building Office supplies expense Inventory (ending) Loss from flood damage Gain on the disposal of equipment Purchases Sales revenue Interest expense Freight in $39,200 Purchase discounts 25,200 Dividend revenue 9,200 Inventory (beginning) 140,000 Sales returns and allowances 55,000 Service expenses: 5,600 Salanes and wages 620,000 Depreciation expense-garage equipment 920,000 Garage supplies expense 8,400 $13,000 9,000 18,000 124,000 12,000 72,000 16,800 8,400 The effective tax rate on all income is 35%, and Flounder follows ASPE. (a) Prepare a multiple-step income statement for 2020, showing expenses by function. (List Other Revenues and Gains before Other Expenses and Losses.)