The accountant of Coronado Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2020.

Rent revenue $31,100 Interest expense 20,100 33,100 Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) 116,900 19,700 Income tax 25,200 Salaries and wages expense (administrative) 138,000 Other administrative expenses 53,800 Cost of goods sold 498,100 Net sales 982,100 Depreciation on plant assets (70% selling, 30% administrative) 67,100 Cash dividends declared 18,100 There were 20,000 shares of common stock outstanding during the year. Part 1 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO SHOE CO. Income Statement $ $ A $ Part 2 Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO SHOE CO. Income Statement $ > S S