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Presented below is information related to Wildhorse Corp. for the year 2020 Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest

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Presented below is information related to Wildhorse 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 Federal tax rate of 30% on all items $3,510,000 2.160,000 171.000 126.000 54,000 36,000 81,000 135,000 189.000 216,000 396,000 432.000 540,000 Prepare a multiple-step income statement for 2020. Assume the 250.000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, es 5.25.) Per share of common stock $ Wildhorse Corp. INCOME STATEMENT $ $

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