13 of 13 < Presented below is information related to Blossom Corp. for the year 2020. Net sales $1,612,000 Write-off of inventory due to obsolescence $99,200 Cost of goods sold 967,200 Depreciation expense omitted by accident in 2019 68,200 Selling expenses 80,600 Casualty loss 62,000 Administrative exponses 59.520 Cash dividends declared 55.800 Dividend revenue 24,800 Retained earnings at December 31, 2019 1,215,200 Interest revenuc 8,680 Effective tax rate of 20% on all items (a) Prepare a multiple-step income statement for 2020. Assume that 94,240 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) BLOSSOM CORP. Income Statement O Et O x S % A & 4 5 e 6 7 R T Y G H A ace U k 8 9 K 0 P 63