Sales revenue $975,000 Investment revenue 19,500 Cost of merchandise sold (408,500) Selling expenses (155,000) Administrative expenses (215,000) Interest expense (13,000) Income before special items 203,000 Special items Loss on disposal of a segment of the business (30,000) Major fire loss (80,000) Net income tax liability (27,900) Net income $ 65,100 Instructions Prepare a multi-step Income Statement based on the data provided above. Assume that Alpha Surrey has 50,000 common shares outstanding and the tax rate is 25% on the tax-related items.