4 5 points The trial balance of Lakewood Inc. included the following accounts as of December 31, 2021 Debits Credits Sales revenue 1,750,000 Interest revenue 79,000 Gain on sale of investments 49,000 Cost of goods sold 1,860,000 Selling expense 215,000 Loss on inventory write-down 29,000 Interest expense 39,000 General and administrative expense 149,000 9 01:58:34 eBook Lakewood Inc. had 100.000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25% Required Prepare a single step income statement with earnings per share disclosure. (Round Earnings per share answer to 2 decimal places.) LAKEWOOD INC Income Statement For the Year Ended December 31, 2021 Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net Income (loss) Earnings per share