Swifty Corporation had net sales of $2,407,400 and interest revenue of $40,400 during 2020. Expenses for 2020 were cost of goods sold $1,458,700, administrative expenses $218,400, selling expenses $281,400, and interest expense $48,000. Swiftys tax rate is 30%. The corporation had 104,200 shares of common stock authorized and 72,630 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Swifty Corporation.

Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses Administrative Expenses Other Revenues and Gains Other Expenses and Losses Interest Expense Income Before Income Tax Income Tax Expense Net Income / (Loss)