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 $ 1,680,000 Shares outstanding 154,000 Cost of goods sold 700,000 Interest expense 20,000 Selling and administrative expense 45,000 Depreciation expense 35,000 Preferred stock dividends 84,000 Taxes 116,000