Oregm Imports Engages in the Retail Sale of Household Products

Oregm Imports engages in the retail sale of household products and clothing.During 2012,the company disposed of the clothing segment.Oregm Imports had 150,000 shares of stock outstanding all year.The results of operations for 2012 follow. $\begin{array}{c}\begin{array}{lll}\\\\\text {Net sales}\\\text {Cost of goods sold}\\\text {Operating expenses}\\\text {Loss on disposal of clothing business}\\\text {(before income tax effect)}\\\text {Interest expense}\\\text {Extraordinary loss from expropriation of operations}\\\text { in foreign country (before income tax effect)} \end{array}\begin{array}{r}\text { Household } \\\underline{\text { Products }} \\\$ 15,000,000 \\11,400,000 \\1,400,000 \\\\\\40,000 \\\\80,000\end{array}\begin{array}{r}\\\underline{\text { Clothing }} \\\$ 3,900,000 \\3,500,000 \\300,000 \\\\680,000\\\\\\\\\end{array}\end{array}$

Income taxes of 40% apply to all items.Required:
Prepare a multiple-step income statement for the year ended December 31,2012,in good format.