Exercise 4-06 The following balances were taken from the books of Oriole Corp. on December 31, 2020. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87,950 52,950 1,381,950 151,950 21,950 151,950 8,950 46,950 101,950 201,950 141,950 622,950 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general expenses Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings $41,950 29,950 156,950 195,950 171,950 101,950 98,950 33,950 61,950 101,950 151,950 501,950 22,950 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) OPTOIECORD ORIOLE CORP. Income Statement . Per share of common stock: Click if you would like to Show Work for this question: Open Show Work