Income Statement Preparation The following information from Belvidere Company's current operations is available: Iu asld gna $68,000 464,000 775,000 Administrative expenses Cost of goods sold Sales revenue 87,000 7,000 60,000 40,000 5,000 20,000 30,000 Selling expenses Interest expense ain Loss from operations of discontinued segment Gain on disposal of discontinued segment Dividend revenue Gain on sale of investment Write-off of obsolete equipment 01 n eub Prepare a multiple-step income statement for the year ended December 31, 2016. Assume a 40% tax rate and the company has 100,000 shares of common stock outstanding. bota