Problem $2-8($Algo$)$ Determination of profitability $[$LO$2-1]$

Prepare an income statement for Franklin Kite Company. Take your calculations all the way to computing earnings per share.

Note: Round EPS answer to $2$ decimal places. Input all your answers as positive values.

Sales

Shares outstanding

Cost of goods sold

Interest expense

Selling and administrative expense

Depreciation expense

Preferred stock dividends

Taxes

$\backslash$table$[[$Franklin Kite Company$],[$Income Statement$],[$Sales$,$$$,1,300,000$