The following are selected ledger accounts of Bramble Corporation at December 31, 2020.

Cash		$214,600		Salaries and wages expense (sales)		$329,440
Inventory		620,600		Salaries and wages expense (office)		401,360
Sales revenue		4,959,000		Purchase returns		17,400
Unearned sales revenue		135,720		Sales returns and allowances		91,640
Purchases		3,231,760		Freight-in		83,520
Sales discounts		39,440		Accounts receivable		165,300
Purchase discounts		31,320		Sales commissions		96,280
Selling expenses		80,040		Telephone and Internet expense (sales)		19,720
Accounting and legal services		38,280		Utilities expense (office)		37,120
Insurance expense (office)		27,840		Miscellaneous office expenses		9,280
Advertising expense		62,640		Rent revenue		278,400
Delivery expense		107,880		Casualty loss (before tax)		81,200
Depreciation expense (office equipment)		55,680		Interest expense		204,160
Depreciation expense (sales equipment)		41,760		Common stock ($10 par)		624,960

Brambles effective tax rate on all items is 20%. A physical inventory indicates that the ending inventory is $686,000. Prepare a condensed 2020 income statement for Bramble Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)

red means it was wrong

BRAMBLE CORPORATION Income Statement For the Year Ended December 31, 2020 Net Sales $ 4827920 Cost of Goods Sold 3799680 Gross Profit/(Loss) 1028240 Selling Expenses TA 80040 Administrative Expenses Income From Operations Rent Revenue Casualty loss Interest Expense $