Presented below is information related to Blossom Corp., for the year 2020.

Prepare a multiple-step income statement for 2020. Assume the 200,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, e.g. 5.25.)

[SELLING EXPENSES IS 66,000]

In Progress Presented below is information related to Blossom Corp. for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend'revenue Interest revenue Interest expense Write-off of goodwill due to impairment Depreciation expense omitted in 2018 Dividends declared Effect on prior years of change in accounting principle (credit) Loss from operations of discontinued component of business Gain from disposal of component of business $1,560,000 960,000 300 50,000 24.000 16,000 36,000 60,000 84,000 96,000 176,000 192.000 240,000 Federal tax rate of 30% on all items Prepare a multiple-step income statement for 2020. Assume the 200,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, eg. 5.25.) Blossom Corp. INCOME STATEMENT 10 O O Type here to search