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Question 1 Pina Colada Corporation had net sales revenue of $5,880,000 and investment revenue of $230,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows: Cost of goods sold $4,690,000 Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses 366,000 120,000 76,000 562,000 Salaries and wages expense (administrative) Rent expense Utilities expense Administrative expenses 311,000 100,000 43,000 454,000 Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense 70,000 35,000 155,000 82,000 Pina Colada has 100,000 common shares outstanding throughout the year. Prepare a single-step income statement showing expenses by nature. Include calculation of EPS. (Round per share answer to 2 decimal places, e.g. 52.72.) Pina Colada Corporation Income Statement Earnings Per Share