The accountant of Novak 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. There were 20,000 shares of common stock outstanding during the vear. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, es. 1.48. Enter selling expenses before administrative expenses. Enter other revenue and gains before other expenses and losses.)