Multiple-Step Income Statement Brandt Corporation had sales revenue of $600,000 for the current year. For the year, its cost of goods sold was $230,000, its operating expenses were $50,000, its interest revenue was $2,000, and its interest expense was $12,000. Brandt's income tax rate is 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 600,000 Cost of goods sold 230,000 Gross profit x Operating expenses 50,000 Operating income x Other items Interest revenue Interest expense Pretax income Income tax expense Net income