Information from the accounts of Gause Company is shown below: Sales Purchases Operating expenses Gain on sale of equipment Extraordinary loss due to earthquake (pretax) Gain on sale of component Operating loss from disposed component Merchandise inventory, 12/31/14 $9,000,000 5,000,000 1,100,000 100,000 400,000 1,000,000 200,000 1,900,000 The merchandise inventory on January 1, 2014, was $3,200,000. There were 250,000 shares of common stock outstanding during the entire year. Required: Assuming a 30% income tax rate, prepare a 2014 income statement for Gause Company. Use a multiple-step format