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View Policies Current Attempt in Progress Bonita Inc. provided the following information for the year 2020. $ 576,000 Retained earnings, January 1, 2020 Administrative expenses Selling expenses 230,400 288,000 Sales revenue 1,824,000 76.800 816,000 105,600 98,592 Cash dividends declared Cost of goods sold Loss on discontinued operations Rent revenue Unrealized holding gain on available-for-sale debt securities Income tax applicable to continuing operations Income tax benefit applicable to loss on discontinued operations Income tax applicable to unrealized holding gain on available-for-sale debt securities 16,320 179.520 58.080 1.920 Prepare a single-step income statement for 2020. Shares outstanding during 2020 were 100,000. (Roun to 2 decimal places, e.g. $1.48.) BONITA, INC. Income Statement December 31, 2020 Revenues 4 Net Sales Cost of Goods Sold Expenses + Cost of Goods Sold Administrative Expenses Selling Expenses Selling Expenses 2881 total expenses Income From Continuing Operations Income From Continuing Operations Discontinued Operations Add Discontinued Operation Income From Continuing Operations Before Income Tax : $ Discontinued Operations Lost on Discontinued Operations, net of tax Discontinued Operations Loss on Discontinued Operations, net of tax Loss on Discontinued Operations, net of tax Net Income /(Loss) book and