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 $ 1,250,000 Shares outstanding 107,000 Cost of goods sold 780,000 Interest expense 32,000 Selling and administrative expense 45,000 Depreciation expense 22,000 Preferred stock dividends 82,000 Taxes 106,000