Cost of goods sold $ 157,500 Preferred shares, $1.00, Loss on sale of property 17,500 15,000 shares authorized, Sales returns 3,500 7,500 issued and outstanding $ 93,750 Income tax expense (saving) Retained earnings, Continuing operations 13.500 October 1, 2019 30,500 Discontinued segment: Selling expenses 50,750 Operating loss (1,800) Common shares, 50,000 shares Gain on sale 600 authorized, issued and outstanding 165,000 Gain on sale of discontinued Sales revenue 315,000 segment 1,750 Dividends 11,000segment 1,750 Dividends 11.000 Interest expense 4,250 Operating loss, General expenses 42.000 discontinued segment 5 250 Interest revenue 1,750 Loss on insurance settlement 4.000 Print Done iswe The Stahl Metalworks Corp, general ledger contained the following information at September 30. 2020. "(Click the icon to view the financial information.) Required 1. Prepare a single-step income statement, Including earnings per share, for Stahl Metalworks Corp. for the fiscal your ended September 30, 2020. 2. Evaluate income for the year ended September 30, 2020, in terms of the outlook for the 2021 fiscal year. Assume 2020 was a typical year and that Stahl Metalworks Corp.'s managers hoped to earn income from continuing operations equal to 10 paroent of net sales