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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 $1,270,000 106,000 740,000 35,000 42,000 22,000 82,000 109,000 Virginia Slim Wear Income Statement Earnings available to common stockholders Shares outstanding Earnings per share

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