In its income statement for the year ended December 31, 2020, Kingbird, Inc. reported the following condensed data. Operating expenses $736,070 Interest revenue $31,590
Cost of goods sold 1,314,300 Loss on disposal of plant assets 18,990
Interest expense 74,650 Net sales 2,415,700
Other comprehensive income 7,100

Required:
Prepare a multiple-step income statement.

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.