Preparing a Multiple-Stop Income Statement and a Retained Earnings Statement The following pretax amounts are taken from the accounts of inc at December 31, 2020, its annual year end ($ thousands). Assume an average 25% tax rate on all items 5272.000 Cost of goods sold 116.000 Seling and administrative expenses 72.000 Gain on sale of indheld for section OD Prior period adjustment correction of error from 2012. dei 12.100 Interestepen 1.600 Cirih didends dedored and paid 2000 Hetained earnings Ocember 2018 12.00 Common odottandine Required 3. Prepare a multiple-step income statement indudin intraperiod income tax allocation and EPS disclosure . Do not use negative signs with any of your answers Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny Required a. Prepare a multiple-step income statement, including intraperiod income tax allocation and EPs disclosure . Do not use negative signs with any of your answers. Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny. JAJ Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue 272.000 Cost of goods sold 136.000 Gross profit 16000 Selling and administrative expenses . 72.000 Operating income 4000 Other revenues and gas Gain on sale of land 24000 Other expenses and love Interest expense 1600 Income before income the S6.50 Income tax expense 21600 Not income SLO Earnings per share 5 2.59 h. Dette December 2005 16