= Blue Spruce Corporation had net sales revenue of $5,770,000 and investment revenue of $226,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: $4,590,000 465.000 Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses 130,000 79,000 674,000 303.000 Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 114,000 40,000 457,000 Increase in value of company reputation Unrealized gain on value of patents 73,000 35,000 172,000 85,000 Interest expense Income tax expense Blue Spruce has 100,000 common shares outstanding throughout the year. Prepare a multiple-step income statement for Blue Spruce Corporation Showing expenses by function. Include calculation of EPS. (Round per share answer to 2 decimal places, e.g. 52.75.) Blue Spruce Corporation Income Statement $ ENG 3:5: OLOV $ I TRIC 2:52 PM + Ch 4: Homework Question 9 of 9 -11 $ $ e Textbook and Media List of Accounts Assume the average market price for the common shares is $5.58. What is Blue Spruce's price-earnings ratio? Price earnings ratio is FNG 3:53 PI