Presented below is information related to Wildhorse Corp., for the year 2020. Net sales Cost of goods sold $3,510,000 2,160,000 Selling expenses Administrative expenses Dividend revenue Interest revenue Interest expense 171,000 126,000 54,000 36,000 81,000 Write-off of goodwill due to impairment 135,000 Depreciation expense omitted in 2018 189,000 Dividends declared 216,000 Effect on prior years of change in accounting principle (credit) 396,000 Loss from operations of discontinued component of business 432,000 Gain from disposal of component of business 540,000 Federal tax rate of 30% on all items Prepare a multiple-step income statement for 2020. Assume the 250,000 shares of common stock were outstanding during 2020.