Brief Exercise 4-01 Your answer is partially correct. Try again Kingbird, had soles revenue of $553,000 in 2020. Other items recorded during the year were: Cost of goods sold $329,000 Salaries and wages expense 125,600 Income tax expense 26.440 Increase in value of company reputation 15,120 Other operating expenses 10,220 Urewired gain on value of patents 22,850 Pringle-step income wtement for Kingbird for 2020. Kingbird has 105,300 shares of stock outstanding. (Round earnings per share to 2 decimal , 1.4) KINGBIRD CO. Income Statement For the Year 2020 y 553,900 Cost of Goods Sold 329,000 Sind Wages Expense 125,500 1,220 Income Taxpense 26.440 Total 491 260 het income (LSS) 52.640 here to search o BI IC F MAT a % 2 3 $ 4 5 6 7 8 9 O l/ wlERIT Yllu Pli