The following information was extracted from the accounting records of Diamante Distributing Company at December 31, 2018 Sales Sales returns Purchase discounts Purchases Freight-in Selling expenses Depreciation and amortization expense Dividend revenue Inventory, January 1, 2018 Inventory, December 31, 2018 Interest expense General and administrative expenses Loss from operations and disposal of component of business Unrealized gain on valuation of available for sale securities $1,500,000 100,000 18,000 820,000 10,000 128,000 22,000 8,000 152,000 125,000 17,000 210,000 60,000 12,000 Income taxes applicable to Ordinary earnings Loss from operations and disposal of component of business Unrealized gain on valuation of available for sale securities $72,500 21,000 4,200 Required: a) Prepare a Compressive Income Statement for the year ended December 31, 2018 using the condensed, multiple-step format. Use the form on the following page. Enter the appropriate descriptions and amounts in the boxes defined by the dotted lines. Use the space below to present supporting calculations for the following items