Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue Cost of goods sold Selling expenses Administrative expenses Loss on sale of equipment Income tax expense Shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 $760,000 450,000 65,000 72.000 5,000 42,000 20,000 shares 7,000 shares 2,000 shares Required Prepare a multiple-step income statement for Bowden Corporation for the year. Include earnings per share disclosure at the bottom of the income statement. Do not use negative signs with any of your answers below. BOWDEN CORPORATION Income Statement For the Year Ended December 31 Sales Revenue $ Cost of Goods Sold Gross Profit on Sales Selling Expenses $ Administrative Expenses Operating Income Loss on Sale of Equipment Income before Taxes Income Tax Expense Net Income $ Earnings per share of Common Stock $