Exercise 4-07 a-b The accountant of Coronado 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 $31,100 20,100 33,100 116,900 19,700 25,200 138,000 53,800 498,100 982,100 Depreciation on plant assets (70% selling, 30% administrative) 67,100 Cash dividends declared 18,100 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.) CORONADO SHOE CO. Income Statement Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO SHOE CO. Income Statement