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WALLET history Current Attempt in Progress - Your answer is partially correct. The following balances were taken from the books of Coronado Corp.on December 31, 2020. Interest revenue Cash Sales revenue Muutunts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful counts Sales discounts Land Equipment Buildings Cost of poods sold $87,550 52.550 1.381,550 151,550 21,550 151.550 1.550 46,550 101,550 201,550 141,550 622.550 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expert Accounts payable Bonds payable Administrative and general Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings $41.550 29.550 156,550 195,550 171.550 101.550 90.550 33.550 61.550 101.550 151,550 501.550 22.550 Assume the total ellective tax rate on all items is 20%. Prepare a multiple step income statement: 100.000 shares of common stock were outstanding during the year. (Round earnings per Share to 2 decimal places, eg, 1.48.) CORONADO CORP. Income Statement For the Year Ended December 31, 2020 Sales Sales Revenu $ 1.881,00 Less Sales Returns and allowances 151,90 i Sales Discounts 46.550 i 198.100 Net Sales 1,183,450 Cast of Gands Sold 622,550 Gross Profit/(Los) V 560,900 Operating Expenses Selling Expenses 195,550 Administrative Expenses 98.550 -294 100 Income From Operations 266,800 Other Revenues and Gains Interest Revenue 87.550 354350 Other Expenses and Lasses Interest Expense 61.550 Income Tax Expense 58,580 Total Expenses 120110 Loss from EarthouseDamage 151.550 82690 Net Income/tLoss Per share of common stock Carines Per Common Store 0193 e Textbook and Media List of Accounts