Use the following information to prepare a multiple-step income statement.  The income tax rate on all items is 40%. (EPS information is not required.)

Cost of Goods Sold                                                         $4,000

Interest Expense                                                            1,100

Income (loss) from discontinued Operations                  (1,000)

Selling and administrative Expense                                 1,750

Extraordinary Loss                                                           (400)

Sales                                                                                10,000

Dividends                                                                          700

Loss on sale of discontinued Operations                          (200)