Name: Valentine Corporation's capital structure consists of 50,000 shares of common stock authorized and outstanding. The accountant for Valentine compiled the following partial list of account balances (all normal balances) at December 31, 2020: Sales revenue Loss on operations of wholesale division Loss on disposal of wholesale division Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-machinery Dividend revenue Unearned service revenue Interest payable Land Patents Retained earnings, January 1, 2020 Interest expense Administrative expenses Notes payable (maturity 7/1/23) Machinery Inventory Accounts payable $2,750,000 160,000 230,000 528,000 60,000 90,000 200,000 950,000 180,000 5,000 4.400 1.000 370.000 100,000 270,000 15,000 370,000 200,000 450,000 40,000 60,000 Valentine Corporation decided to discontinue its wholesale operations. On July 1, Martin sold the wholesale operations. The income tax rate is 30%. REQUIRED: On the following page, prepare in good form the multiple-step income statement for Valentine Corporation, including the per share amounts