Presented below is information related to Sunland Corp. for the year 2020. Net sales $1,352,000 Write-off of inventory due to obsolescence $83,200 Cost of goods sold 811,200 Depreciation expense omitted by accident in 2019 57,200 Selling expenses 67,600 Casualty loss 52,000 Administrative expenses 49,920 Cash dividends declared 46,800 Dividend revenue 20,800 Retained earnings at December 31, 2019 1,019,200 Interest revenue 7,280 Effective tax rate of 20% on all items Prepare a multiple-step income statement for 2020. Assume that 63,232 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) SUNLAND CORP. Income Statement $ $ > > > > > > > $ +A