Required: Prepare a multiple-step income statement, including the earnings per share disclosure. Assume that rent revenue and the gain on sale of noncurrent asset are nonoperating.

The following data are taken from the adjusted trial balance of Retail Corp. at December 31, 2020, its annual year-end. Sales revenue.. Cost of goods sold Depreciation expense (70% administrative expense, 30% selling expense) Rent revenue Interest expense. Investment revenue Selling expenses (excluding depreciation). General and administrative expenses (excluding depreciation). Gain on sale of noncurrent asset Loss on sale of long-term investments. Loss due to discontinued operations Average income tax rate on all items Weighted average common stock outstanding. $400,000 102,000 50,000 4,000 6,000 2,500 105,500 46,000 6,000 3,600 10,000 25% 20,000 shares Required Prepare a multiple-step income statement, including the earnings per share disclosure. Assume that rent revenue and the gain on sale of noncurrent asset are nonoperating