Send to Gradebook Question 1 View Policies Current Attempt in Progress Vaughn Co. had sales revenue of $558,700 in 2020. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $325,300 128,000 25,690 16,910 10,710 20,460 Prepare a single-step Income statement for Vaughn for 2020. Vaughn has 109,800 shares of stock outstanding. (Round earnings per share to 2 decimal places, e-8. 1.48.) VAUGHN CO. Income Statement e Textbook and Media