Sells heavy-construction equipment. It has 10,000 common shares outstanding and its fiscal year ends on December 31. The adjusted trial balance was taken from the general ledger on December 31, 2020: Cash Account Titles Accounts receivable (net) Inventory Property, plant, and equipment Accumulated depreciation Liabilities Common shares Retained earnings, January 1, 2020 Sales revenue (assume all on credit) Sales returns and allowances Cost of sales Selling expenses Administrative expenses Bad debt expense Sales discounts Income tax expense Totals Debit Credit $ 33,600 14,400 52,000 40.000 $ 16,800 24,000 72,000 9,280 145,600 5,600 78,400 13,600 14,400 1,600 6,400 7,680 $267,680 $267,689 Required: 1. Prepare a multiple-step statement of earnings (showing both gross profit/(loss) and net earnings/loss from operations). Treat sales discounts as contra revenues. (Round "Earnings per share" to 2 decimal places.) BUILDERS COMPANY, INC. Statement of Earnings For the Year Ended December 31, 2020 Operating expenses Eamings before income tax Earnings per share