Chapter 04A Homework - Income Statement 7. Viel: NCI Presented below is information related to Viel Company at December 31, 2021. Sales revenue Cost of goods sold General and administrative expenses Gain on life insurance proceeds Loss on sale of intangible assets Loss on impairment of property, plant, and equipment Income tax expense Income allocation to non-controlling Interest Common dividends declared Preferred dividends declared Common stock outstanding $310,000 140,000 50,000 30,000 10,000 6,000 12,000 25,000 14,000 $ 5,000 100,000 shares Instructions: Prepare a consolidated multiple-step income statement. Round EPS to 2 decimal places.