1 of 4 < The following balances were taken from the books of Bonita Corp. on December 31, 2020. Interest revenue $87,400 Accumulated depreciation-equipment $41.400 Cash 52,400 Accumulated depreciation-buildings 29,400 Sales revenue 1,381,400 Notes receivable 156,400 Accounts receivable 151,400 Selling expenses 195,400 Prepaid insurance 21,400 Accounts payable 171,400 Sales returns and allowances 151,400 Bonds payable 101,400 Allowance for doubtful accounts 8,400 Administrative and general expenses 98,400 Sales discounts 46,400 Accrued liabilities 33,400 Land 101,400 Interest expense 61,400 Equipment 201,400 Notes payable 101,400 141,400 Loss from earthquake damage 151,400 Buildings Cost of goods sold 622,400 Common stock 501,400 22.400 Retained earnings 15.85/25 EE Firston Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement: 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) Net Income/(Loss) Sales Returns and Allowances Less Sales Returns and Allowances Sales Discounts BONITA CORP. Income Statement 53400 46400 1381400 197800 Fufox Net Sales Cost of Goods Sold Gross Profit/(Loss) Operating Expenses Selling Expenses Administrative and General Expenses Total Expenses Income From Operations UOU OPERATIVE INCOME 0500 197800 195400 i 98400 1183600 622400 561200 293800 267400 125400 Forster NON OPERATIVE INCOME 125400 Net Income/(Loss) Interest Expense 142000 01400 151400 Loss from Earthquake Damage Expenses Income before income tax Net Income/(Loss) Per share of common stock: Earnings Per Common Share $ 28400 113600 IM