The following information is available for Sandhill Corp. for the year ended December 31, 2027:

Other revenues and gains: $11,900

Other expenses and losses: 14,800

Cost of goods sold: 201,900

Sales revenue: $672,400

Operating expenses: 200,700

Sales returns and allowances: 40,000

Prepare a multiple-step income statement for Sandhill Corp. The company has a tax rate of 20%.

The following information is available for Sandhill Corp. for the year ended December 31, 2027: Prepare a multiple-step income statement for Sandhill Corp. The company has a tax rate of 20%