Suppose Northern Telecommunications uses the perpetual inventory system and reported these figures in its December 31, 2020, financial statements. (Click the icon to view the figures.) Prepare Northern Telecommunications's multi-step income statement for the year ended December 31, 2020. (Enter a net loss with a minus sign or parentheses.) Figures Accounts payable $ 9,200 Accounts receivable 7,000 Accrued liabilities 3,200 Cash 9,400 50,000 19,000 Cost of goods sold Equipment, net Inventory Long-term note payable 840 Net income (loss) Net sales revenue 3,000 76,000 25,000 20,840 Total operating expenses V. North, capital