Problem 16-06 (Part Level Submission) Marty Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2020, and May 31, 2021. The income from operations for the fiscal year ended May 31, 2020, was $1,800,000 and income from continuing operations for the fiscal year ended May 31, 2021, was $2,381,000. In both years, the company incurred a 11% interest expense on $2,500,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $611,000 on February 2021. The company uses a 20% effective tax rate for income taxes. The capital structure of Marty Corporation on June 1, 2019, consisted of 978,000 shares of common stock outstanding and 20,000 shares of $50 par value, 6%, cumulative preferred stock. There were no preferred dividends in arrears, and the company had not issued any convertible securities, options, or warrants. On October 1, 2019, Marty sold an additional 50,000 shares of the common stock at $20 per share. Marty distributed a 20% stock dividend on the common shares outstanding on January 1, 2020. On December 1, 2020, Marty was able to sell an additional 796,000 shares of the common stock at $22 per share. These were the only common stock transactions that occurred during the two fiscal years. Weighted-average number of shares (1) May 31, 2020 1,555,200 (2) May 31, 2021 2,144,000 Prepare, in good form, a comparative income statement, beginning with income from operations, for andar Mau 220 and May 31, 2021. This statement will be IM Abede Abcd Aal AaBbc De AaBoCode Huang Heading Normal No Spacing (2) May 31, ZUZI 2,144,000 Prepare, in good form, a comparative income statement, beginning with income from operations, for Marty Corporation for the fiscal years ended May 31, 2020, and May 31, 2021. This statement will be included in Marty's annual report and should display the appropriate earnings per share presentations. (Round earnings por share to 2 decimal places, e.g. $1.55.) MONTY CORPORATION Comparative Income Statement For Fiscal Years Ended May 31, 2020 and 2021 2020 2021 Income From Operations Interest Expense Income Before Taxes Income TREE Income from Continuing Operations La From Oncond Operations It Ir.com/ Earnings per share: con From Cocinero I Malek