Microsoft's trial balance of income statement accounts for the year ended December 31, 2020 included the following: Debit Credit Sales revenue $280,000 Cost of goods sold $170,000 Administrative expenses 40,000 Loss on disposal of equipment 18,000 Sales commission expense 16,000 Interest revenue 10,000 Freight-out 6,000 Loss from discontinued operations 24,000 Bad debt expense 6.000 Totals $280,000 $290,000 Other information: Microsoft's income tax rate is 20%. On Microsoft's multiple-step income statement for 2020, income from continuing operations is $68,000 $27,200 $8,000. $34,000