[The following Information applies to the questions displayed below.) A company reports the following amount in its December 31, Year 1, Income statement. Sales revenue Non-operating revenue Selling expenses General expenses $ 280,000 106,000 56,000 46,000 Income tax expense Cost of goods sold Administrative expenses $ 26,000 186,000 36,000 Required: 1. Prepare a multiple-step Income statement. (Losses should be Indicated by a minus slgn.) Multiple-step Income Statement For the year ended December 31, Year 1 Total operating expenses Operating income (loss