Q4. The following data are related to Freedom Company's income statement for the year ended December 31, 2020. Prepare a multiple-step income statement. (25 points) Salaries and wages $465,000 Loss on disposal of $83,500 expense assets Cost of goods sold 987.000 Sales revenue 2.210,000 Interest expense 71,000 Income tax expense 25,000 Interest revenue 65,000 Sales discount 160,000 Depreciation expense 310,000 Utilities expense 110,000