The following information is available for Kingbird Corp. for the year ended December 31, 2022.

Other revenues and gains		$24,200
Other expenses and losses		4,400
Cost of goods sold		295,000
Sales discounts		5,200
Sales revenue		762,000
Operating expenses		224,000
Sales returns and allowances		11,200

Prepare a multiple-step income statement for Kingbird Corp. The company has a tax rate of 25%.