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Using the following list of items, fill in the blanks for where the item belongs on a multiple-step income statement. Use the Condensed Multiple-Step Income

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Using the following list of items, fill in the blanks for where the item belongs on a multiple-step income statement. Use the Condensed Multiple-Step Income Statement format. You only need earnings per share for net income (don't need to separate out income from continuing operations or discontinued operations). Selling expenses, Cost of goods sold, Net sales, Income tax expense, Gross profit, Income from operations, Administrative expenses, Income before taxes, Discontinued operations, Other revenues and gains, Other expenses and losses, Income from continuing operations, Net income, Earnings per share. $XX Less: (XX) XX (XX) (XX) XX Interest revenue XX Loss on sale of equipment (XX) XX (XX) XX Income from discontinued segment, net XX Loss on disposal of discontinued segment, net (XX) $XX XX Income from discontinued segment, net XX Loss on disposal of discontinued segment, net (XX) $XX $X.XX

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