The information below relates to the operations of Sunland Corporation, a private company following ASPE, for the year ended December 31, 2020 $337,000 2.450 8,810 Cost of goods sold Interest expense Sales returns and allowances Accounts payable Sales discounts Depreciation expense 119.938 3,792 284,640 982,436 Sales revenue Salaries and wages expense Prepaid expenses 163,412 3,550 Rent expense 39.100 Loss from fire 8,618 Rental revenue 24.506 Additional information: . . The effective tax rate is 40%. Depreciation expense: 70% administrative expense and 30% selling expense Salaries and wages expense: 45% administration expense and 55% selling expense Rent expense: 85% administration expense and 15% selling expense Prepare a multiple-step income statement in good form by function. (Enter selling expenses before administrative expenses. Round answers to decimal places, e.g. 5,275.) Sunland Corporation Income Statement Sunland Corporation Income Statement $ $