23 Presented below is information related to Lupita Company during 2021. 1,600.000 Sales revenue 290,000 Selling and administrative expenses 290,000 Discontinued operations loss (pre-tax) 33,600 Cash dividends declared on common stock 880,000 Cost of goods sold 520,000 Overstatement of 2020 depreciation expense detected during 2021 (pre-tax) Other revenue 120,000 Other expenses 100,000 Retained earnings on January 1, 2021 equaled S 850,000 Instructions a) Prepare in good form a multiple-step income statement for the year 2021. Assume a 20% tax rate and that 80,000 shares of common stock were outstanding during the year. (10 points) b) Prepare in good form the retained earnings statement for year 2021. (5 points)