The following information is taken from the accounting records of Sandhill Corporation, a Canadian public company, for the year ended December 31, 2020. $95.000 252,500 103.500 Accounts receivable Retained earnings, January 1, 2020 Loss on operation of discontinued opeations (before tax) Sales revenue Cost of goods sold Selling expenses 1.233.500 722.500 130,000 74,500 Cash 210,000 Common shares (21,000 common shares outstanding) 17,600 Dividend revenue 123.000 Inventory 3.600 Unearned revenue Land 390,000 Interest expense 19.000 169,000 180,000 59,000 Administrative expenses Notes payable (maturity 2026) Accounts payable Gain on disposal of discontinued operations (before tax) Depreciation expense Loss on disposal of equipment (before tax) 7 169.000 48.000 13,000 Sandhill Corporation is subject to a 25% income tax rate. Prepare a multiple-step income statement in good form for Sandhili Corporation (earnings per share information is not required Sandhill Corporation Income Statement $ > $ > 5