/ 30 = Current Attempt in Progress The accountant of Wildhorse Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020, Rent revenue $ 31,700 Interest expense 20,700 33,700 Market appreciation on land above cost Salaries and wages expense (seling) Supplies expense (selling) 117.500 20,300 Income tax 25.800 138,600 54,400 498,700 Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets ( 70% selling, 30% administrative) Cash dividends declared 982.700 67.700 18,700 There were 20.000 shares of common stock outstanding during the year. MacBook Air Prepare a single-step income statement (Round earnings per share to 2 decimal places, e.y. 1.48.) WILDHORSE SHOE CO. Income Statement . I . | e Textbook and Media List of Accounts