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Iwo accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple step versus a single-step format. The discussion involves the following 2020 information related to Wildhorse Company ($000 omitted). $5,202 Administrative expense Officers'salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue 4,262 60,872 17.532 Selling expense 2,992 8.282 Delivery expense Sales commissions Depreciation of sales equipment Sales revenue 6,782 96,802 Income tax 9,372 Interest expense 2,162 Common shares outstanding for 2020 total 36,020 (000 omitted). WILDHORSE COMPANY Income Statement (In thousands, except earnings per share) $ > $ $ Prepare an income statement for the year 2020 using the single-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) WILDHORSE COMPANY Income Statement (In thousands, except earnings per share) $ Prepare an income statement for the year 2020 using the single-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) WILDHORSE COMPANY Income Statement (In thousands, except earnings per share) $ $ tA $ >