The accountant of Metlock 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 Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax $30,900 19,900 32,900 116,700 19,500 25,000 137,800 Other administrative expenses 53,600 Cost of goods sold 497,900 Net sales 981,900 Depreciation on plant assets (70% selling, 30% administrative) 66,900 Cash dividends declared 17,900 Salaries and wages expense (administrative) 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.)