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 $ 1,290,000 Shares outstanding 144,000 Cost of goods sold 530,000 Interest expense 20,000 Selling and administrative expense 49,000 Depreciation expense 36,000 Preferred stock dividends 89,000 Taxes 117,000