ces tions IS Support Crane Corporation had net sales of $2,406,100 and interest revenue of $33,400 during 2020. Expenses for 2020 were cost of goods sold $1,450,300, administrative expenses $214,900, selling expenses $290,300, and interest expense $46,200. Crane's tax rate is 30%. The corporation had 102,100 shares of common stock authorized and 70,750 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Crane Corporation (Round earnings per share to 2 decimal places, eg. 1.48.) CRANE CORPORATION Income Statement Net Sales $ $ 2,406,100 Cost of Goods Sold -1450300 Gross Profit/(Loss) 2,439,500 Administrative Expenses $ 214,900 Selling Expenses 290,300 Income Before Income Tax Income Tax Expense Net Income /(Loss) $ Earnings Per Share