Ruth Company has the following data for the year ended December 31, 2020:

Net sales	$300,000
Discontinued operations gain	20,000
Cost of goods sold	160,000
Interest revenue	3,000
Selling and administrative expenses	40,000
Loss on sale of plant assets	5,000
Shares of capital stock outstanding, 10,000
Tax rate of 20% on all items

Instructions: Prepare a multiple-step income statement in good form in accordance with US GAAP for Ruth Company for the year ended December 31, 2020.