Please explain the results of the Classified Income Statement Included.

21 Income Statement (Multiple-Step) Sales, net 785.250 Cost of goods sold 351,800 Gross margin 433,450 Operating expenses: Operations Selling expenses S 197,350 General & Admin. 78,500 Depreciation 17.500 293,350 Income from Operations 140, 100 Other revenues & gains: Interest income S 62,187 Gain 24,600 86.787 Other Other expenses. Interest S 27.000 Loss 9.000 (36,000) Income from contin. oper. before taxes 190,887 Income taxes 62,500 Special Income from contin. operations 125,387 items Extraordinary loss (net of tax of $5,000) -15.000 Net income 5 113,387 Earnings per share - common stock $4.25