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Part II: Multistep income statement Use the following income - related items to create a multistep income statement for 2 0 2 0 . Assumea

Part II: Multistep income statement
Use the following income-related items to create a multistep income statement for 2020. Assumea 20% tax rate (all amounts listed in thousands and pretax).
\table[[Cost of goods sold,700,\table[[Impairment of patent used in],[contimuing operations]],170],[Dividend revenue,70,\table[[Selling, general and administrative],[expenses]],650],[Sales revenue,3.250,Interest expense,100],[Unrealized gain on trading securities,40,Research and development,150],[Depreciation and amotination,350,Restructurine costs,200]]
In addition, the following information is available regarding a division the company decided to discontinue (all amounts in thousands).
\table[[Book value of assets,$5,100,Book value of liabilities,$2,700
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