Kent Corporation provided the following partial$-$trial balance for the current year.

$($Click the icon to view the partial$-$trial balance.$)$

Prepare a multi$-$step income statement for the current year. Kent is subject to a $40\%$ income tax rate.

Prepare Kent's multiple$-$step income statement for the current year, one section at a time. $($List the subheadings in the order they are typically shown on a multiple$-$step income statement. Round all amounts to the nearest whole dollar. Use parentheses or a minus sign to enter other expenses or a loss.$)$

Kent Corporation

Statement of Net Income

For the Year Ended December $31$