Multiple-Step Income Statement Brandt Corporation had sales revenue of $500,000 for the current you. For the year, its cost of oos was 240,000, revenue was $2,000, and its interest expense was $12,000. Brandt's income tax rates 30% Prepare Brandt's multiple-step income statement for the current year, BRANDT CORPORATION Income Statement For Year Ended December 31, Current Year Sales revenue 500.000 Cost of goods sold 240.000 Gross profit 260.000 Operating expenses 50.000 X Operating income 210.000 X other items Interest revenue 2.000 Interest expense 12.000 10.000 Pretax income 200.000 X Income tax expense 60.000 x 140.000 X Net income