The following information is taken from the accounting records of Sheridan Corporation, a Canadian public company, for the year ended December 31, 2023. Accounts receivable $92,000 Retained earnings, January 1, 2023 273,000 Loss on operation of discontinued operations (before tax) 97,000 Sales revenue 1,107,000 Cost of goods sold 727,500 Selling expenses 130,000 Cash 73,500 Common shares (22,000 common shares outstanding) 200,000 Dividend revenue 18,300 Inventory 124,000 Unearned revenue 4,000 Land 350,000 Interest expense 18,000 Administrative expenses 150,000 Notes payable (maturity 2029) 180,000 Accounts payable 74,000 Gain on disposal of discontinued operations (before tax) 169,000 Depreciation expense 49,000 Loss on disposal of equipment (before tax) 13,000 Sheridan Corporation is subject to a 25% income tax rate. Prepare a multiple-step income statement in good form for Sheridan Corporation (earnings per share information is not required). (List other revenues and gains before other expenses and losses.) Sheridan Corporation Statement of Income choose the accounting period select an income statement item $enter a dollar amount select an income statement item enter a dollar amount select a summarizing line for the first part enter a total amount for the first part select an opening name for section one : select an income statement item $enter a dollar amount select an income statement item enter a dollar amount select an income statement item enter a dollar amount select a closing name for section one enter a total amount for section one select a summarizing line for the second part enter a total amount for the second part select an opening name for section two : select an income statement item enter a dollar amount select an opening name for section three : select an income statement item enter a dollar amount select an income statement item enter a dollar amount select a closing name for section three enter a total amount for section three select a summarizing line for the third part enter a total amount for the third part select an income statement item enter a dollar amount select a summarizing line for the fourth part enter a total amount for the fourth part select an opening name for section four select an income statement item enter a dollar amount select an income statement item enter a dollar amount enter a subtotal of the two previous amounts select a closing name for this statement $enter a total net income or loss amount