Below is information related to Florida Rains Inc., a business of bottled water sales, at December 31, 20X1. All accounts/items shown below are before tax. Assume preferred stock has 5,000 shares and $3,000 in dividends for the year, while common stock has 7,000 shares and $2,500 in dividends for the year. The 20X1 income tax rate is 20%. Prepare the year-ending December 31, 20X1, condensed multiple-step income statement for Florida Rains Inc., according to GAAP format and terminology. Round all earnings per share figures to the nearest cent. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed.

Sales team salaries expense $42,900	Write-down of inventory $7,600
Loss from discontinued operations $35,900	Sales returns and allowances $11,300
Entertainment expense $8,000	Rent expense $19,000
Gain on sale of equipment $22,700	Accounts payable $13,800
Cash $21,600	Goodwill $30,200
Sales revenue $448,000	Office salaries expense $27,500
Depreciation expense $25,300	Cost of goods sold $162,600
Interest payable $10,400	Delivery expense $34,400
Dividend revenue $5,500	Accumulated other comprehensive income $47,400