Question 11 of 13 View Policies Current Attempt in Progress Presented below is information related to Sunland 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 $5,070,000 3,120,000 247.000 182.000 78,000 52,000 117,000 195.000 273,000 312,000 572,000 624.000 780,000 Prepare a multiple-step income statement for 2020. Assume the 200,000 shares of common stock were ou (Round earnings per share to 2 decimal places, eg. 5.25.) Sunland Corp. INCOME STATEMENT $ acer Question 11 of 13 -/1 Prepare a multiple-step income statement for 2020. Assume the 200,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, eg, 5.25) Sunland Corp. INCOME STATEMENT $ S acer FA ES FG F7 F8 F9 FIO F11 F12 2015 SEOL stion 11 of 13 -/1 E $ Per share of common stock $ $ e Textbook and Media Attempts: 0 of 3 used Submit Arne acer 6