Multi-step Income Statement From the following accounts, listed accounts have normal balances. Selling, General and Administrative Expense 193,000 Cost of Goods Sold $337,000 Interest Expense 3,000 Sales Revenue 557,000 Income Tax Expense 17,000 Note: Do not use negative signs with any of your answers. KARLMAN DISTRIBUTERS Income Statement For the Year Ended December 31 Sales Revenue Selling, General and Administrative Expense Gross Profit on Sales 0 Operating Expenses Cost of Goods Sold 0 Income from Operations 0 Other Income and Expense Interest Expense 0 Income before Income Taxes 0 Income Tax Expense IO Net Income $ 0 > . $