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Prepare an income statement for Franklin Kite Company. Take your calculations all the way to computing earnings per share. Note: Round EPS answer to 2

Prepare an income statement for Franklin Kite Company. Take your calculations all the way to computing earnings per share. Note: Round EPS answer to 2 decimal places. Input all your answers as positive values. 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

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