Exercise 4-07 a-b The accountant of Blue Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2020. Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) Cash dividends declared $32,100 21,100 34,100 117,900 20,700 26,200 139,000 54,800 499,100 983,100 68,100 19,100 There were 20,000 shares of common stock outstanding during the year. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.)