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The accountant of Marigold Shoe Co has compiled the following information from the company's records as a basis for an income statement for the year

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The accountant of Marigold 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, 2020, Rent revenue $30,300 Interest expense 19,300 32,300 116,100 18,900 Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold 24,400 137,200 53,000 497.300 981,300 Net sales Depreciation on plant assets (70% selling 30% administrative) Cash dividends declared 66,300 17.300 There were 20.000 shares of common stock outstanding during the year. Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) MARIGOLD SHOE CO. Income Statement >

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