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

\begin{tabular}{|c|} \hline \multicolumn{2}{|c|}{ Jedgy Corporation } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline Gross Profit (a) \\ \hline \end{tabular}