View Policies Current Attempt in Progress The following information is taken from the accounting records of Cullumber Corporation, a Canadian public compa ended December 31, 2020. Accounts receivable $93,000 Retained earnings, January 1, 2020 259,500 Loss on operation of discontinued operations (before tax) 95,000 Sales revenue 1.144,000 Cost of goods sold 720.500 Selling expenses 128.000 Cash 62000 Common shares (21.000 common shares outstanding) 210.000 Dividend revenue 17.800 Inventory 125.000 to sanch PR Common shares (21,000 common shares outstanding) 210.000 Dividend revenue 17.800 Inventory 125,000 Unearned revenue 3,500 Land 360,000 Interest expense 17.500 Administrative expenses 157.000 Notes payable (maturity 2026) 200.000 Accounts payable 50.000 Gain on disposal of discontinued operations (before tax) 163.000 Depreciation expense 45,000 Loss on disposal of equipment (before tax) 10.000 Cullumber Corporation is subject to a 25% income tax rate. Prepare a multiple-step income statement in good form for Cullumber Corporation (earnings per share information is not required Cullumber Corporation Income Statement V $ > $ Activate Activate W $ Activate Wind