Question 5 of 12 View Policies < Current Attempt in Progress Presented below is Information related to Swifty Corp. for the year 2020. Net sales $1,092.000 Write-off of inventory due to obsolescence 567,200 Cost of goods sold 653,200 Depreciation expense omitted by accident in 2019 46,200 Selling expenses 54.600 Casualty loss 42,000 Administrative expenses 40,320 Cash dividends dedared 37100 Dividend revenue 16.800 Interest revenue 3880 Retained earnings at December 31, 2019 Effective tax rate of 20%Corallitems 823,200 (a) /10 = Prepare a multiple-step income statement for 2020 Assume that 6340 shares of commcnstock outstanding for the entire year. (Rouned earnings per share to 2 decimal places, eg 1.49) SWIFTY CORP. Income Statement