The accountant of Splish 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 $32,300 Interest expense 21,300 Market appreciation on land above cost 34.300 Salaries and wages expense (selling) 118,100 Supplies expense (selling) 20,900 Income tax 26,400 Salaries and wages expense (administrative) 139,200 Other administrative expenses 55,000 Cost of goods sold 499,300 Net sales 983.300 Depreciation on plant assets (70% selling. 30% administrative) 68,300 Cash dividends declared 19,300 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-8. 1.18.) SPLISH SHOE CO. Income Statement For the Year Ended December 31, 2020 Net Sales $ Cost of Goods Sold Gross Profit/(Loss) Operating Expenses Selling Expenses Salariesand Wages Expense VA 118200 Supplies 21000 Depreciation Expense 47880 Total Selling Expenses 187080 Administrative Expenses Senda 139300 Denne 20520 55100 Depreciation Expense 20520 Other Administrative Expenses 55100 Total Administrative Expenses 214920 Operating Expenses Income From Operations Other Expenses and Losses Income i hhoh Net Income (Loss) Earnings Per Share $