Hopefully, I believe there will be an expert available to solve this problem. Prepare multi step income statement including EPS presentation, showing EPS calculation, show details of COGS and Op. Exp sections and Prepare Statement of R/E. I appreciate your time and consideration.

ADDITIONAL INFORMATION: 1. The company performed a year end physical count of its inventory as at December 31, 2020. The amocint of inventory on hand at December 31,2020 amounted to 5415,700 . trventory is maintained on a PERIODIC 6asis: 2. Assume that the tax rate was 305 . All accounts on the Tral Ealance are before tax 3. The amount of common stock outstanding on danuary 1,2020 was 50,000 In 2020, comman stock was issued as follows: on Apri 1:20,000 common shares were issued and on Seplember 1:30,000 comimon shares were issued 4. An eror was discovered in the company's 2019 finanefat statements Depaecation Expense in 2019 was understated by 535 oo0. REQUIRED: 1. Prepare a detalled multi-step income statement (including EPS presentation) for the year ended December 31,2020. Show calculations for EPS (for continuing and discontinued sections) Show detalls of COST OF GOODS SOLD and OPERATING EXPENSES sections. 2. Prepare a Statement of Retained Eamings for the year ended December 31, 2020