Presented below is information related to Oriole Corp. for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,534,000 920,400 76,700 56,640 23,600 8,260 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items $94,400 64,900 59,000 53,100 1,156,400 (a) Prepare a multiple-step income statement for 2020. Assume that 71,744 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, eg. 1.49.) ORIOLE CORP. Income Statement