Question 14 The ledger of Carla Vista Corporation at November 30, 2021, contains the following summary datat Cash dividends-common $64,000 Operating expenses $1,100,000 Cash dividends--preferred 25,000 Other comprehensive income-loison equity investments before income tax) 78,000 Common shares 319,000 Rent revenue 46,000 Cast of goods sold 7,250,000 Preferred shares ($5 non cumulative) 380,000 Depreciation expende 348,000 Retained earnings, December 1, 2020 739,000 Sales $0,010,000 Your analysis reveals the following additional information 1. The company has a 25% income tax rate 2. The communication devices in was discontinued on August 31. The profit from operations for the division up to that day was 516,600 before income tax. The do was sold at our of 3. There were 200,000 common and 5,000 preferred share issued on December 1, 2030, with no changes during the year Prepare a multiple step income statement for the year CARLA VISTA CORPORATION