The accountant of Crane 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 $30,000 Interest expense 19,000 Market appreciation on land above cost 32,000 Salaries and wages expense (selling) 115,800 Supplies (selling) 18,600 Income tax 24,100 Salaries and wages expense (administrative) 136,900 Other administrative expenses 52,700 Cost of goods sold 497,000 Net sales 981,000 Depreciation on plant assets (70% selling, 30% administrative) 66,000 Cash dividends declared 17,000 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, eg. 1.48. Enter selling expenses before administrative expenses. Enter other revenue and gains before other expenses and losses.) CRANE SHOE CO. Income Statement For the Year Ended December 31, 2025 Net Sales Qu Acc Qu Acco Que Accou