At the end of 2012, vandals destroyed your financial records. Fortunately, the controller had kept certain statistical data related to the income statement, as follows: a. Cost of goods sold was $2 million. b. Administrative expenses were 20% of the cost of sales but only 10% of sales. c. Selling expenses were 150% of administrative expenses. d. Bonds payable were $1 million, with an average interest rate of 11%. e. The tax rate was 48%. f. 50,000 shares of common stock were outstanding for the entire year. Required From the information given, reconstruct a multiple-step income statement for the year. Include earnings per share

question 2 P 4-2 The following information for Lesky Corporation covers the year ended December 31, 2012: LESKY CORPORATION Income Statement For the Year Ended December 31, 2012 Revenue: Revenues from sales $362,000 Rental income 1,000 Interest 2,400 Total revenue 365,400 Expenses: Cost of products sold $242,000 Selling expenses 47,000 Administrative and general expenses 11,400 Interest expense 2,200 Federal and state income taxes 20,300 Total expenses 322,900 Net income $ 42,500 Required Change this statement to a multiple-step format.