Question 2 of 6 -/2 View Policies Current Attempt in Progress Two accountants for the form of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2020 information related to Vaughn Company ($000 omitted). $5,039 4,099 60,709 17,369 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 2.829 8,119 6,619 96.639 9.209 1.999 Common shares outstanding for 2020 total 38,465 (000 omitted). (a) in the multiple step form. (Round earnings per share to 2 decimal placese. Question 2 of 6 -/2 (a) Prepare an income statement for the year 2020 using the multiple-step form. (Round earnings per share to 2 decimal places, es 1.48.) VAUGHN COMPANY Income Statement (In thousands, except earnings per share) Sales Revenue $ Cost of Goods Sold Gross Proh/(Loss) C $ MacBook Air Question 2 of 6 -/2 E (a) Prepare an income statement for the year 2020 using the multiple-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) VAUGHN COMPANY Income Statement (In thousands, except earnings per share) Question 2 of 6 -/2 = S - - Question 2 of 6 -/2