Please be as detailed as possible. Thank you!

Problem IV - Corporate Income Statement The following information is available for CayCam Corporation for the year ended December 31, 2022: Sales Revenue $900,000; Other revenues and gains $85,000; Operating expenses $130,000; Cost of goods sold $475,000; Other expenses and losses $28,000; Preferred stock dividends $32,000. The company's tax rate was 20%, and it had 50,000 shares outstanding during the entire year. Instructions: (a) Prepare a corporate income statement. (b) Calculate carnings per share