In its income statement for the year ended December 31, 2022, Concord Corporation reported the following condensed data. Operating expenses $ 712,000 Interest revenue $ 26,000 Cost of goods sold 1,249,000 Loss on disposal of plant assets 10,000 Interest expense 64,000 Net sales 2,193,000 Income tax expense 37,000 Other comprehensive income (net of $1,200 tax) 7,600 Prepare a multiple-step income statement.