Preparing Multiple-Step Income Statement The following information is from Atlanta Corp. for the 12 months ended December 31, 2020. Prepare a multiple-step income statement (excluding the earnings per share disclosures) assuming a tax rate of 25%. Report income tax expense in its own separate section. Sales revenue Account 2020 $2,000,000 Cost of goods sold 1,250,000 Selling and administrative expenses 375,000 Interest expense 12,500 Gain on sale of short-term investments 22,000 Do not use negative signs with any of your answers. Atlanta Corp. Income Statement For the Year Ended December 31, 2020 Operating expenses 0 0 0 0 0 Other revenues and gains 0 Other expenses and losses 0 0 0 $ 0 Cost of goods sold Expenses and losses Gain on sale of short-term investments Gross profit Income before income taxes Income tax expense Interest expense Net income Operating income Other expenses and losses Other revenues and gains Revenues and gains Sales revenue Selling and administrative expenses