Question $16$ of $20$

$\frac{-}{0\mathrm{.}65}$

There were $20,000$ shares of common stock outstanding during the year.

$($a$)$

Prepare a multiple$-$step income statement. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ Enter selling expenses before administrative expenses. Enter other revenue and gains before other expenses and losses.$)$

CRANE SHOE CO$.$ Income Statement

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