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Exercise 4-06 The following balances were taken from the books of Bramble Corp. on December 31, 2020. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87,650 52,650 1,381,650 151,650 21,650 151,650 8,650 46,650 101,650 201,650 141,650 622,650 Accumulated depreciation--equipment Accumulated depreciation--buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general expenses Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings $41,650 29,650 156,650 195,650 171,650 101,650 98,650 33,650 61,650 101,650 151,650 501,650 22,650 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement: 100,000 shares of common stock were outstanding during the year. (Round BRAMBLE CORP. Income Statement CALCULATO Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earning BRAMBLE CORP. Income Statement Per share of common stock: Click if you would like to Show Work for this question: We work