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Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing eamings per share. (Round EPS answer to 2 decimal

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Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing eamings per share. (Round EPS answer to 2 decimal places.) Sales Shares outstanding Cost of goods sold Interest expense Seling and administrative expense Depreciation expense Preferred stock dividends $1,290,000 144,000 530,000 20,000 49,000 36,000 89,000 117,000 Taxes Franklin Kite Company Income Statement Eamings avalable to common stockholders Shares outstanding Eamings per share

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