The following information is available for Larkspur Corp. for the year ended December 31, 2022. Other revenues and gains Other expenses and losses Cost of goods sold Sales discounts Sales revenue Operating expenses Sales returns and allowances $20,800 2,500 277,000 2.700 743,000 207,000 8,200 Prepare a multiple-step income statement for Larkspur Corp. The company has a tax rate of 25%. LARKSPUR CORP. Income Statement For the Year Ended December 31, 2022 Sales Sales Revenue 743,000 Less : Sales Returns and Allowances $ 8,200 8,200 Sales Discounts 2.700 732100 Net Sales 732100 Cost of Goods Sold 277,000 Gross Profit 455100 Operating Expenses 207,000 i Income From Operations D 662100 662100 Other Revenues and Gains 20,800 Other Expenses and Losses 2,500 i 18300 Income before Income Taxes 680400 Income Tax Expense 25000 Net Income /(Loss) 6779000