Presented below is information related to 2020 for Ivanhoe Company Retained earnings, December 31, 2019 Sales revenue Selling and administrative expenses Discontinued operations loss (pre-tax) Cash dividends declared on common stock Cost of goods sold Gain discovered in 2020, from error on depreciation charge in 2018 (pre-tax) Other revenue Other expenses $649,000 1,513,000 231,000 283,000 33,600 853,000 514,000 116,000 110,000 Prepare in good form a multiple-step income statement for the year 2020. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. (Round per share values to 2 decimal places, eg. $158.) 02:02:20 Hide Timer Prepare in good form a multiple-step income statement for the year 2020. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. (Round per share values to 2 decimal places, es $1.58.) Ivanhoe Company INCOME STATEMENT Type here to search 56/2020 acer M W ...wity.com/was assessment player/timed/assessments/042kcalcaabada2d01870756924e6ctbe24d. Not 02:01:53