Problem 5: Multi-Step Income Statement (20 points) Use this information to answer the following question des milde Sales revenue 700 Cost of goods sold 500 Interest revenue 60 150 Selling expense of lots of vol is 10 adirozabal Gain on sale of investments 110 Interest expense 40 General and administrative expenses 100 The company had 50 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure. (No need to provide the title.) Sales Revestu ob $700 Interest Reve $60 COGS (1500) $260 Sell. exp. (150) Interest exp. 640) Gent Admin. exp (100) Total (30) (290) NI before for (30) Gain $2.5 (22.5) $60 EPS ( (22.5) / 50 EPS (cont.) 6.450) EPS (disc.) 1.650 Total Sl.a