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Prepare an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal

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Prepare an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. (Round EPS answer to 2 decimal places.) Sales Shares outstanding Cost of goods sold Interest expense Selling and administrative expense Depreciation expense Preferred stock dividends Taxes $1,550,000 107,000 850,000 30,000 45,000 26,000 81,000 108,000 Virginia Slim Wear Income Statement Earnings available to common stockholders Shares outstanding Earnings per share

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