Presented below is information related to Oriole Corp. for the year 2020. Prepare a multi step income statement

Current Attempt in Progress Presented below is information related to Oriole Corp., for the year 2020. Net sales $4,485,000 Cost of goods sold 2,760,000 Selling expenses 218,500 Administrative expenses 161,000 Dividend revenue 69,000 Interest revenue 46,000 Interest expense 103,500 Write-off of goodwill due to impairment 172,500 Depreciation expense omitted in 2018 241,500 Dividends declared 276,000 Effect on prior years of change in accounting principle (credit) 506,000 Loss from operations of discontinued component of business 552,000 Gain from disposal of component of business 690,000 Federal tax rate of 30% on all items Prepare a multiple-step income statement for 2020. Assume the 200,000 shares of common stock were outstanding during 2020. ( Oriole Corp. INCOME STATEMENT Type here to search