ER Brief Exercise 4-12 Sarasota Corporation had net sales revenue of $11,115,000 and investment revenue of $431,300 for the year ended December 31, 2017. Other items pertaining to 2017 were as follows: Cost of merchandise sold $8,759,000 Salaries and wages 699,200 Advertising and promotion 239,400 Entertainment 148,200 Selling expenses 1.086,800 Salaries and wages 570,000 Rent 191,900 Utities 3,600 Administrative expenses 845,500 Increase in value of company reputation 140,600 Unrealized gain on value of patents 68,400 Interest expense 304,000 Income tax expense 154,200 D Sarasota has 100,000 common shares outstanding throughout the year Prepare a single-step income statement showing expenses by nature. Include calculation of EPS. (Round per share answer to 2 decimal places, eg. 32.72) Sarasota Corporation Income Statement 1104 AM