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Prepare an income statement for Virginia Slim Wear. (Input all amounts as positive values. Round EPS answer to 2 decimal places. Omit the $ sign

Prepare an income statement for Virginia Slim Wear. (Input all amounts as positive values. Round EPS answer to 2 decimal places. Omit the "$" sign in your response.) Sales $ 600,000 Shares outstanding 100,000 Cost of goods sold 200,000 Interest expense 30,000 Selling and administrative expense 40,000 Depreciation expense 20,000 Preferred stock dividends 80,000 Taxes 100,000

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