Interest expense Presented below is information related to Donaldson Corp., for the year 2024. All of the items are pretax. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,920,000 1,210,000 93,000 67,000 30,000 20,000 41,000 Depreciation expense omitted in 2023 105,000 Preferred Dividends declared 120,000 Effect on prior years of change in accounting principle (credit) 220,000 Loss from a lawsuit 48,000 Loss from operations of discontinued business 230,000 Gain from disposal of discontinued business 300,000 18,000 14,000 Unrealized gain on available-for-sale securities Unrealized loss on hedging Federal tax rate of 20% on all items. Required: Compute and present each of the following items as they should appear in the 2024 income statement and statement of comprehensive income. Assume the 200,000 shares of common stock were outstanding during 2024. You must list both the line items and the amounts that determine the financial metrics in question. 1. Income from operations (i.e., operating income) (4 pts) Net Sales Cost of goods sold Income from operations 1920000 1210000 710000