Inits income statement for the year ended December 31,2027, Pharoah Inc. reported the following condensed data. Operating expenses $812,000 Interest revenue $36,960 Cost of goods sold 1,406,720 Loss on disposal of plant assets 19,040 Interest expense 78,400 Net sales 2,464,000 Income tax expense 52,640 Prepare an income statement. (List other revenues before other expenses.) PHAROAH INC. Income Statement