27 of 29 < > View Policies Current Attempt in Progress Presented below is information related to Carla Vista Corp., for the year 2020. Net sales Cost of goods sold $3,120,000 1,920,000 Selling expenses 152,000 Administrative expenses Dividend revenue Interest revenue Interest expense 112,000 48,000 32,000 72,000 Write-off of goodwill due to impairment 120,000 Depreciation expense omitted in 2018 168,000 Dividends declared 192,000 Effect on prior years of change in accounting principle (credit) 352,000 Loss from operations of discontinued component of business 384,000 Gain from disposal of component of business 480,000 -/15 Federal tax rate of 30% on all items Prepare a multiple-step income statement for 2020. Assume the 250,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, eg 5.25) Carla Vista Corp. INCOME STATEMENT Prepare a multiple-step income statement for 2020. Assume the 250,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, eg. 5.25.) Carla Vista Corp. INCOME STATEMENT