Income Statement Presentation The following income statement accounts and additional information appear on the books of Ralph Industries for the year ended March 31, 2020 Accounts Sales CR 985,000 Cost of Goods Sold DR 426,000 Selling Expense DR 215,000 General and Administrative Expense DR 157,000 Interest Expense DR 17,600 Interest Revenue CR 9,500 Loss due to write-off of an Account Receivable DR 100,000 Unusual and Infrequent Earthquake gain CR 50,000 Income on Operations of Discontinued Table Division CR 31,000 Realized Loss on Table Divisions assets DR 20,000 Expected Gain on Disposal of remaining Table Division Assets (Not Yet recorded on books) CR 17,000 Ralph is in the 25% tax bracket

Using this information, prepare a multi-step income statement in perfect form.