Prepare a multiple-step income statement, Oriole Corporation INCOME STATEMENT V $ UIT $ Per Share of Common Stock v Oriole Corporation's capital structure consists of 50,000 shares of common stock. At December 31, 2020 an analysis of the accounts and discussions with company officials revealed the following information Sales revenue Discontinued operations loss (net of tax) Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue Unearned service revenue Interest payable Land Patents Retained earnings, January 1, 2020 Interest expense Administrative expenses Dividends declared Allowance for doubtful accounts Notes payable maturity 7/1/23) Machinery Materials Accounts payable $1,209,000 51.800 125 200 58.100 88.000 200,000 705,000 180,000 7.100 4,500 1.000 360.000 104.000 255,780 18.700 170,800 24400 4.700 219.000 450,000 44,000 60.000 The amount of income taxes applicable to income was $58,920, excluding the tax effect of the discontinued operations loss which amounted to $22,200