Other revenues and gains $24,200 4,400 Other expenses and losses Cost of goods sold 295,000 Sales discounts 5,200 762.000 Sales revenue Operating expenses 224,000 Sales returns and allowances 11,200...

Other revenues and gains $24,200 4,400 Other expenses and losses Cost of goods sold 295,000 Sales discounts 5,200 762.000 Sales revenue Operating expenses 224,000 Sales returns and allowances 11,200 Prepare a multiple-step income statement for Kingbird Corp. The company has a tax rate of 25%. KINGBIRD CORP. Income Statement $ $