The accountant of Blossom Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2025. Rent revenue $32,200 Interest expense 21,200 Market appreciation on land above cost 34,200 Salaries and wages expense (selling) 118,000 Supplies (selling) 20,800 Income tax 26,300 Salaries and wages expense (administrative) 139,100 Other administrative expenses 54,900 Cost of goods sold 499,200 Net sales 983,200 Depreciation on plant assets (70% selling, 30% administrative) 68,200 Cash dividends declared 19,200 There were 20,000 shares of common stock outstanding during the year. (a) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48. Enter selling expenses before administrative expenses. Enter other revenue and gains before other expenses and losses.) Net Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses > BLOSSOM SHOE CO. Income Statement [