Question 2 of 4 - / 10 III View Policies Current Attempt in Progress Income statement information for Marigold Tire Repair Corporation for the year 2020 follows: General and administrative expenses: Freight in $ 16,000 Salaries and wages expense $ 39,500 Purchase discounts 10,000 Depreciation expense-building 30,700 Dividend revenue 20,000 Office supplies expense 9,600 Inventory (beginning) 122.000 Inventory (ending) 139,000 Sales returns and allowances 17,000 Loss from flood damage 46,000 Service expenses: Gain on the disposal of equipment 5.200 Salaries and wages 69,000 Purchases 610,000 Depreciation expense-garage equipment 17,000 Sales revenue 930,000 Garage supplies expense 8,500 Interest expense 8,500 The effective tax rate on all income is 30%, and Marigold follows ASPE. Prepare a multiple-step income statement for 2020, showing expenses by function. (List Other Revenues and Gains before Other Expenses and Losses.) Marigold Tire Repair Corporation Income Statement > > > Prepare a multiple-step income statement for 2020, showing expenses by function. (List Other Revenues and Gains before Other Expenses and Losses.) Marigold Tire Repair Corporation Income Statement $