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meducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect... #2 (CH 11-13) Saved The following list of items was extracted from the December 31, 2020, trial balance of Future Products Corp. Use the

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meducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect... #2 (CH 11-13) Saved The following list of items was extracted from the December 31, 2020, trial balance of Future Products Corp. Use the follo information Credit Debit $181,870 118,896 28,300 $951,790 Salaries expense Income tax expense (continuing operations) Loss from operating Division C (net of $11,600 tax benefit) Sales Total effect on prior years' profit of change from declining balance to straight- line depreciation (net of $14,360 tax) Gain on provincial condemnation of land owned by Future Depreciation expense Gain on sale of Division C (net of $23, 660 tax) Cost of goods sold 43,240 104,100 72,300 74,500 481,220 Prepare the company's multiple-step income statement for 2020. (Enter all amounts as positive values.) FUTURE PRODUCTS CORP. Income Statement For Year Ended December 31, 2020 Operating expenses 4 FUTURE PRODUCTS CORP Income Statement For Year Ended December 31, 2020 Book Operating expenses erences Total operating expenses Other revenues/expenses. Discontinued operations S

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