Prepare a single step income statement

The accountant of Splith Shoe Co has compiled the following Information from the company's records as a basis for an income statement for the year ended December 31, 2020. Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense administrative) Other administrative expenses Cost of foods sold Net sales Depreciation on plant assets (70% selling 30% administrative) Cash dividends declared $32 300 21.300 34,300 118.100 20.900 26,400 139,200 55,000 499,300 983,300 68,300 19.300 There were 20,000 shares of common stock outstanding during the year SPLISH SHOE CO. Income Statement December 31, 2020 Revenues Net Sales 983300 Rent Revenue 32300 Total Revenues 1015600 Expenses Interest Expense 21300 Administrative Expenses Supplies Expenses 20900 Depreciation Expense 20490 Total Expenses Income Before Income Tax Income Tax Expense Net Income /(Loss) 141310 Earnings Per Share $ 114910