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 $ 800,000 Shares outstanding 177,000 Cost of goods sold 370,000 Interest expense 23,000 Selling and administrative expense 41,000 Depreciation expense 38,000 Preferred stock dividends 81,000 Taxes 113,000