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Question 15 of 18 View Policies Current Attempt in Progress Shown below is an income statement for 2020 that was prepared by a poorly trained bookkeeper of Oriole Corporation Oriole Corporation INCOME STATEMENT December 31, 2020 Sales revenue Investment revenue Cost of goods sold Selling expenses Administrative expenses Interest expense Income before special items Special items Loss on disposal of a component of the business Net federal income tax liability Net income $821,000 20.200 (408,000) (145,800) (192,000) (12,400) 83,000 (43,100) (11,970) $27,930 Question 15 of 18 -/18 E Specialitems Loss on disposal of a component of the business Net federal income tax liability Net income (43,100) (11.970) $27.930 Prepare a multiple-step income statement for 2020 for Oriole Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). Oriole Corporation has 50,000 shares of common stock outstanding and has a 30% federal income tax rate on all tax related items. (Round per share values to 2 decimal places, e.g. $2.50.) Oriole Corporation INCOME STATEMENT $ estion 15 of 18 18 Attempt