Multiple-Step and Single-Step Income Statements The following items were derived from Gold Company's December 31 adjusted trial balance: Cost of goods sold $104,000 Loss from strike (pretax) Sales 190,000 Selling expenses General and administrative expenses 20,000 Interest revenue $9,000 30,000 4,000 Additional data: 1. Seven thousand shares of common stock have been outstanding the entire year. 2. The income tax rate is 30% on all items of income. Required: 1. Prepare a multiple-step income statement. Round earnings per share computations to two decimal places. GOLD COMPANY Income Statement (Multi-Step) For Year Ended December 31, Current Year Operating expenses