Information relative to the operations for ProLonge Products follows. 

1. Sales $2,900,000 
2. Rent Income 14,000 
3. Cost of Sales 2,320,000 
4. Selling and Administrative Expenses 312,000 
5. Interest Expense 48,000 
6. Loss on the Sale of Plant Assets 15,000 
7. Income Taxes 112,000 
8. Cash in Bank 752,000 
9. Accounts Receivable 1,025,000 
10. Retained Earnings 785,000 
11. Common shares outstanding 20,000 shares

Required: Prepare in good form a multiple -step income statement for the year 2020 .