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Clendenon Corp. reports the following activity for the year ended December 31, 2022: - Sales revenue, $400,000. - Operating expenses, $125,000. - Gross profit %

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Clendenon Corp. reports the following activity for the year ended December 31, 2022: - Sales revenue, $400,000. - Operating expenses, $125,000. - Gross profit % of 45%. - J.oss on the sale of land, $16,000. - Declared and paid dividends, $20,000. - Available-for-sale bond investment was acquired during 2022 for $75,000. The market value of the investment at December 31, 2022 is $82,300. - Clendenon's tax rate is 25%. Required: Prepare Clendenon's multiple step income statement and statement of comprehensive income for the year ended December 31, 2022

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