QULUunu vaanives taken from its December 31, 2019 adjusted Sales (net) $122,000 Operating expenses $25,300 Interest expense 3,800 Common stock, $5 par 11,000 Cost of goods sold 58,000 Retained earnings, 1/1/2019 41,800 The following information is also available for 2019 and is not reflected in the preceding accounts: 1. The common stock has been outstanding all year. A cash dividend of $1.82 per share was declared and paid. 2. Land was sold at a pretax gain of $6,700. 3. Division X (a major component of the company) was sold at a pretax gain of $4,690. It had incurred a $9.420 pre 4. A tornado, which is an unusual event in the area, caused a $5,400 pretax loss. 5. The income tax rate on all items of income is 30%. 6. The average shareholders' equity is $89,000. Required: 1. Prepare a 2019 multiple-step income statement for Huff. Round earnings per share computations to two dec HUFF COMPANY Income Statement (Multi-Step) For Year Ended December 31, 2019 Sales (net) 122,000 Cost of goods sold 58,000 Gross profit 64,000 25.300