Basic Income Statement The following are selected account balances of Rule Corporation at the end of the current year: Debit Credit $3,100 $16,300 Operating Expenses Sales Revenue Cost of Goods Sold Interest Expense Gain on Sale of Land 8,300 820 480 Rule is subject to a 30% income tax rate, and shareholders own 1,200 shares of its capital stock. Required: Prepare the income statement for Rule. Round earnings per share computation to two decimal places. RULE CORPORATION Income Statement For the Year Ended December 31, Current Year Other items: Required: Prepare the income statement for Rule. Round earnings per share RULE CORPORATION Income Statement For the Year Ended December 31, Current Year Other items: Earnings per share