Blue Corporation had net sales of $2,928,000 and interest revenue of $37,820 during 2022. Expenses for 2022 were cost of goods sold $1,769,000, administrative expenses $258,640, selling expenses $341,600, and interest expense $54,900. Blue's tax rate is 30%. The company had 100,000 shares authorized and 70,000 shares issued and outstanding during 2022. Prepare an income statement for the year ended December 31, 2022. (Round earnings per share to 2 decimal places, eg. 1.48.) BLUE CORPORATION Income Statement For the Year Ended December 31, 2022 Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses Administrative Expenses Income From Operations Other revenues and gains Revenues Interest Expense Income Before Income Tax Income Tax Net Income/(Loss) Earnings Per Share 341,600 i 258,640 2,928,000 (1.769,000) i 1.159,000 600240 54,900