Presented below is information related to Wildhorse Corp., for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses $5,655,000 3,480,000 275,500 203,000 Dividend revenue Interest revenue Interest expense 87,000 58,000 130,500 Write-off of goodwill due to impairment 217,500 Depreciation expense omitted in 2018 304,500 Dividends declared 348,000 Effect on prior years of change in accounting principle (credit) 638,000 Loss from operations of discontinued component of business 696,000 Gain from disposal of component of business 870,000 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, e.g. 5.25.)