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Question 3 of 7 -11 II! In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data. Salaries

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Question 3 of 7 -11 II! In its income statement for the year ended December 31, 2022, Novak Corp. reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $585,900 1,243,620 89,460 Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense $105,210 2,784,600 31,500 201,600 138,600 81,900 390,600 Prepare a multiple-step income statement. (List other revenues before other expenses.) Novak Corp. Income Statement For the Year Ended December 31, 2022 e Net Sales Cost of Goods Sold $ Less Operating Expenses $ Total Operating Expenses Question 3 of 7 -11 Interest Revenue Interest Expense Loss on Disposal of Plant Assets e . Loss on Disposal of Plant Assets Income Before Income Taxes Income Tax Expense Net Income/(Loss) $

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