The trial balance of Muscat Company included the following accounts as of December 31, 2021: Debits Credits Sales revenue 8,310,000 Interest revenue 59,000 Gain on sale of investments 119,000 Gain on debt securities 139,500 Loss on projected benefit obligation 159,000 Cost of goods sold 6,111,000 Selling expense 710,000 Goodwill impairment loss 505,000 Interest expense 29,000 General and administrative expense 490,000 ne gain on debt securities represents the increase in the fair value of debt securities and is assified as a component of other comprehensive income. Muscat Company had 300,000 ares of stock outstanding throughout the year. Income tax expense has not yet been Interest expense 29,000 General and administrative expense 490,000 The gain on debt securities represents the increase in the fair value of debt securities and is classified as a component of other comprehensive income. Muscat Company had 300,000 shares of stock outstanding throughout the year. Income tax expense has not yet been recorded. The effective tax rate is 25%. Required: Prepare a 2021 multiple-step income statement. [ 6 Marks]