Need this before 8 PM. I will upvote immediately

Rockstar Company Income Statement For the year ended December 31, 2019 Net sales $1,575.000 Costs and expenses: Cost of goods sold 475,000 Selling, general and administrative expenses 140,000 Salaries expense 25.000 Total costs and expenses 640.000 Income before income taxes 935,000 Income taxes 233.750 Net income $701,250 Rockstar Company hired an accountant that did not take A310 or A311 and as a result included the following items in selling, general and administrative expenses. Rockstar sold equipment for $20,000. The machine had originally cost $80,000 and had accumulated depreciation of $30,000 The company discontinued operations of one of its subsidiaries during the current year at a loss of $190.000 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $85.000 before taxes; the loss from disposal of the subsidiary was $105,000 before taxes. The company recorded a $145,000 gain on the condemnation of some of its property. . In addition, Rockstar had the following additional information available: Rockstar had 50,000 shares of preferred stock and 275,000 shares of common stock outstanding during 2018 and a tax rate of 25%. Rockstar paid a cash dividend of 16,500 combined to both classes of shareholders, $4,500 to preferred shareholders and the remainder to common shareholders. Instructions: Using the multiple-step format, prepare a corrected income statement including the appropriate per share disclosures