Current Attempt in Progress The financial records of Kingbird Inc. were destroyed by fire at the end of 2025. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 16. 7 8. The beginning merchandise inventory was $95,680 and decreased 20% during the current year. Sales discounts amount to $13,600. 23.352 shares of common stock were outstanding for the entire year. Interest expense was $21,200. The income tax rate is 3056. Cost of goods sold amounts to $570,000. Administrative expenses are 20% of cost of goods sold but only 896 of gross sales. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2025 in single-step form. (Round earnings per share to 2 decimal places, cs 145) KINGBIRD INC. Income Statement H

The financial records of Kingbird Inc. were destroyed by fire at the end of 2025. Fortunately, the controller had iapt cartain statistical data relatad to the incomestatement as follows. 1 The besinning merchandise inventory was $95,680 and decreased 20% durins the current year: 2. Sales discounts amount to $13,600. 3. 23,352 shares of common stock wers outstanding for the entira year: 4. Interest expensewas $21,200. 5. The income tax rate is 30K. 6. Cost of roods sold amounts to $570,000. 7. Administrative expenses ars 2015 of coat of soods sold but only Bhof sross salss. 6. Fourfifths of the operating expenses relate to sales activitiss. From the forssoing information prepare an income statement for the year 2025 in sirslestep form, (Round coning: per share te 2 decinal blaces ise L.AS