Rosewood farms had the following information for preparing an income statement for the year ended December 31, 2015 All amounts are before income taxees. Income tax rate is 30%. Sales Revenue Expropriation of property by a foreign government (loss) Income from operations of discontinued cement division Loss from disposal of cement division Operating expenses Gain on sale of equipment Cost of goods sold 800,000 (120,000) 100,000 (60,000) 150,000 40,000 330,000 PREPARE A MULTI-STEP INCOME STATEMENT IN GOOD FORMAT. Rosewood farms Income Statement For the Year Ended December 31, 2015