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Prepare an income statement for Franklin Kite Co. Take your calculations all the way to computing earnings 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 earnings per share. (Round EPS answer to 2 decimal places.) Sales Shares outstanding Cost of goods sold Interest expense Selling and administrative expense Depreciation expense Preferred stock dividends Taxes $1,680,000 181,000 700.000 25,000 49,000 36,000 83,000 116,000 Franklin Kite Company Income Statement Interest expense Preferred stock dividends Sales Selling and administrative expense

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