he accountant of Weatherspoon 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, 2012. Rental revenue $29,000 Interest on notes payable 18,000 Market appreciation on land above cost 31,000 Wages and salaries-sales 120,000 Materials and supplies 17,600 Income tax 37,400 Wages and salaries-administrative 142,600 Other administrative expenses 51,700 Cost of goods sold 503,200 Net sales 987,900 Depreciation on plant assets (70% selling, 30% administrative) 65,000 Dividends declared 16,000 There were 20,000 shares of common stock outstanding during the year. (a) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 5.25. For multiple entries list from largest to smallest amounts, e.g. 10, 5, 1. Enter all amounts as positive amounts and subtract where necessary.) (b) Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 5.25. For multiple entries list from largest to smallest amounts, e.g. 10, 5, 1. Enter all amounts as positive amounts and subtract where necessary.)