Service revenue Gain on sale of equipment Cost of services Selling and administrative expenses Interest expense Income tax expense Required: Determine the following: (a) gross profit, (b) operating income, (c) pretax income, and (d) net income by preparing a multiple- step income statement. Service revenue Gross Profit (a) Cost of services Gain on sale of equipment Operating income (b) Interest expense Pretax income (c) Jedgy Corporation Income Statement Net income (d) $ 400,000 3,000 180,000 45,000 24,000 28,000 $ 400,000 (180,000) 3,000 178,000 (24,000)

Required: Determine the following: (a) gross profit, (b) operating income, (c) pretax income, and (d) net income by preparing a multiplestep income statement