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Question 28 Complete Marked out of 20.00 P Flag question Presented below is information related to Victor Company at December 31, 2019, the end of its first year of operations. In addition to the information presented below, assume 200,000 shares of stock were outstanding during 2019. Also assume a tax rate of 30% on all items Administrative expenses S 52,500 Gain on sale of investments S 25,000 Casualty loss S 10,000 Interest expense S 33,750 Cost of Goods Sold S 900,000 Interest revenue S 15,000 Cumulative decrease in icome from Loss from operations of discontinued change in inventory methods $ 18,000 component of a business (before tax) S 180,000 Depreciation expense omitted in 2015 $78,750 Net Sales S 1,462,500 Dividend revenue S S 22,500 Selling expenses S 71.250 Dividends declared S 90,000 Income tax expense $ 56,250 Gain from disposal of component of Write-off of goodwill due to business (before tax) $ 225,000 impairment S 133,500 Requirements Prepare a partial multiple-step income statement. Begin with income from continuing operations (assume income from continuing operations is $400,000) and end with net income (and earning per share figures) or 2019 in appropriate format, including all headings, subheading, totals and subtotals within the partial income state 57% 55C revenue from opuration 1462500