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Operatine expenses were 593,000 , and intereot esstase was 51500 . The corporatiscis tactate is 7o5. The corporntisn dertied preferied evilendi of 57.900 in 2020

Operatine expenses were 593,000 , and intereot esstase was 51500 . The corporatiscis tactate is 7o5. The corporntisn dertied preferied evilendi of 57.900 in 2020 and as weraze comman stockinden' equite during the vrat =275500000. Intiructions (a) Prepare an inconte z afement for Spwhish Foet Corporation. (b) Comgute Tudb Corpormion's retum en common stockholdeis' equat for 2020 SPANISH FONT CORPOPA1ION Incomestatement for the Tear inded December 71,2020

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