2 Income tax expense Net earnings Earnings per share (204,820) $ 380,379 $ 1.70 10 points Comparative balance sheets report average total assets for the year of $2,575,000 and average total equity of $1,917,000 (dollar amounts in thousands, except earnings per share). a. Prepare an income statement for the year in a multiple-step format. b-1. Compute the gross profit rate. eBook b-2. Express the net income as a percentage of net sales. Print b-3. Compute the return on assets. b-4. Compute the return on equity for the year. Complete this question by entering your answers in the tabs below. References Req A Req B1 Req B2 Req B3 Req B4 Prepare an income statement for the year in a multiple-step format. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign. Round your Earnings per share to 2 decimal places.) SPINX, INC. Income Statement For the Year Ended December 31, Current Year Non-operating items: Earnings per share < Req A Req B1 > Check my work