Prepare a multiple-step income statement for the year ended December 31 2019.

Gordon Company gathered the following condensed data for the year ended December 31, 2019: Cost of goods sold $ 742,000 Net sales 1,350,000 Administrative expenses 239,000 Interest expense 58,000 Inventory 20,000 Dividend revenue 38,000 Retained earnings (Beginning) 10,000 Loss from employee strike 223,000 Selling expenses 45,000 Prepare a multiple-step income statement for the year ended December 31, 2019. Instructions