Question 13 of 13 View Policies Current Attempt in Progress Presented below is information related to Skysong Ltd. for the year 2022 (amounts in thousands). Net sales HK$1,080,000 Write-off of inventory due to obsolescence HK$74,000 Cost of goods sold 704,000 Depreciation expense omitted by accident in 2021 37,000 Selling expenses 57,000 Interest expense 45,000 Administrative expenses 43,400 Cash dividends declared 41,000 Dividend revenue 21,000 Retained earnings at December 31, 2021 884,000 Interest revenue 6,600 Effective tax rate of 34% on all items Prepare an income statement for 2022. Assume that 53,000 ordinary shares are outstanding. (Round earnings per share to 2 decimal places, e.g. 1.49.) SKYSONG LTD. Income Statement