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Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following: Debit Credit Sales revenue$288000Cost of goods

Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following:

DebitCreditSales revenue$288000Cost of goods sold$175000Administrative expenses41300Loss on disposal of equipment18900Sales commission expense

16400Interest revenue10000Freight-out5900Loss from discontinued operations24400Bad debt expense5800

Other information:

Pharoah's income tax rate is30%. Finished goods inventory:

January 1, 2020$161800December 31, 2020139300

OnPharoah's multiple-step income statement for 2020, Income from continuing operations is

$24290.

$69400.

$35300.

$7210.

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