1. Multiple-step income statement The following financial data pertains to P. Bride Company for the year ended December 31, 2020. General and administrative expenses $ 10,000 Cost of goods sold 50,570 Rent revenue 17,230 Selling expenses 17,150 Sales revenue 96,500 Income tax expense 9,070 Loss from flood damage 8,860 Interest expense 1,860 Dividends declared (common stock) 20,000 Common stock outstanding (shares) 40,550 Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places