Multiple-step income statement with discontinued operations Presented below is information related to Ivan Calderon Corp. for the year ended December 31, 2021. Net sales $ 1,300,000 Loss on sale of intangible assets $ 5,000 Cost of goods sold Selling expenses Administrative expenses Dividend revenue 780,000 15,000 47,000 Preferred dividends declared 20,000 Retained earnings, January 1 Selling expenses understatement in 2020 Common dividends declared 55,000 45,000 50,000 980,000 Interest revenue 7,000 Effective tax rate 20% General expenses Restructuring charge $ 50,000 40,000 Loss on discontinued operations, gross Common stock outstanding $ 45,000 40,000 shares Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places