step versus the single-step format. The discussion involves the following 2020 information for P. Bride Company in thousands): in Administrative expenses Officers' salaries $4.200 Selling expenses Delivery Sales commissions $2330 3.260 69,590 Depreciation of office furniture and equipment Cost of goods sold Rental revenue 57.130 6.710 Depreciation of sales equipment Sales revenue 14.650 305.400 Interest expense 1.130 Common shares outstanding for 2020 total 30,000 (in thousands). Income tax for the year was $17.570. (a) Prepare an income statement for the year ended December 31, 2020, using the multiple-step format, showing expenses by function. Include calculation of EPS. (List Selling Ex Expenses before Administrative Expenses. Round per share answer to 2 decimal places, es 52.75 P. Bride Company Income Statement (In thousands, except earnings per share) v