The trial balance of Rollins Inc. included the following accounts as of December 31, 2023. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%. Prepare a 2023 multi-step, continuous income statement in proper form. Note: All numbers below are BEFORE tax.

Debits Credits Sales revenue 5,900,000 Interest revenue 40,000 Loss on sale of investments 10,000 Unrealized losses on investments 150,000 Foreign currency translation gains 260,000 Cost of goods sold 4,400,000 Selling expenses 400,000 Restructuring costs 180,000 Interest expense 20,000 300,000 General and administrative expenses Unearned Revenue 70,000 Allowance for Doubtful Accounts 10,000 Retained Earnings, as of December 31, 2023 820,000