The accountant of Skysong 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, $ 30,500 19.500 32.500 Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) 116,300 19.100 24,600 137.400 Other administrative expenses 53,200 497.500 Cost of goods sold 981.500 Net sales Net sales 981,500 Depreciation on plant assets ( 70% selling, 30% administrative) 66,500 Cash dividends declared 17.500 There were 20,000 shares of common stock outstanding during the year. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) SKYSONG SHOE CO. Income Statement