12. Cody Co. had the following year-end balances as of 12/31/20: Loss on Sale of Asset $65,000 Income Tax Expense $15,000 Net Sales $4,200,000 General & Administrative Expenses $110,000 Research & Development Expenses $15,000 Interest Income $15,000 COGS $ 3,700,000 Interest Expense $8,000 Selling Expenses $50,000 a. Prepare an Income Statement in proper format. b. Calculate the gross margin ratio. c. Calculate the EPS (earnings per share) if common shares outstanding were 14,000 on 1/1/20 and 16,000 on 12/31/20