The accounts that need to be used are these:

Please provide help with explanations. Thanks

The following are selected ledger accounts of Sarasota Rose Corporation at December 31, 2020: Cash Inventory (as of Jan. 1, 2020) Sales revenue Unearned revenue Purchases Sales discounts Purchase discounts Salaries and wages expense (sales) Salaries and wages expense (administrative) Purchase returns and allowances Sales returns and allowances Freight in Accounts receivable Sales commission expense $181,000 532,000 4,230,000 110,000 2,730,000 38,000 31,000 285,000 346,000 15,000 79,000 72,000 140,000 81,000 Entertainment expense Office expense Insurance expense Advertising expense Freight out Depreciation expense of office equipment Depreciation expense of sales equipment Telephone and Internet expense (sales) Utilities expense (administrative) Miscellaneous expense Rental revenue Loss on disposal of equipment Interest expense Common shares $66,000 34,000 25,000 54,000 96,000 44,000 36,000 17,000 32,000 8,000 240,000 89,000 155,000 1,000,000 Sarasota's Rose effective tax rate on all items is 20%. A physical inventory indicates that the ending inventory is $683,000. The number of common shares outstanding is 100,000. Prepare a condensed multi-step 2020 income statement for Sarasota Rose Corporation, showing expenses by function. Sarasota Rose follows ASPE but decides to disclose EPS on its income statement. (Round per share answer to 2 decimal places, e.g. 52.74.) Sarasota Rose Corporation Income Statement For the Month Ended December 31, 2020 Net Sales Revenue $ 4230000 Cost of Goods Sold 38000 Gross Profit/(Loss) Selling Expenses Administrative Expenses Income before Income Tax Less: Income tax at 20% Net Income /(Loss) $ Earnings Per Share $ Income from Operations Other Revenue Net Income /(Loss) Net Sales Revenue Gross Profit/ (Loss) Other Expense Income before Income Tax Earnings Per Share