The following are selected ledger accounts of Marigold Corporation at December 31, 2020. Cash Inventory Sales revenue Unearned sales revenue Purchases Sales discounts Purchase discounts Selling expenses Accounting and legal services Insurance expense (office) Advertising expense Delivery expense Depreciation expense (office equipment) Depreciation expense (sales equipment) $177,600 513,600 4,104,000 112,320 2,674,560 32,640 25,920 66.240 31,680 Salaries and wages expense (sales) Salaries and wages expense (office) Purchase returns Sales returns and allowances Freight-in Accounts receivable Sales commissions Telephone and Internet expense (sales) Utilities expense (office) Miscellaneous office expenses Rent revenue Casualty loss (before tax) Interest expense Common stock ($10 par) $272,640 332,160 14.400 75,840 69,120 136,800 79.680 16,320 30.720 7,680 230,400 67,200 168,960 753,760 23.040 51,840 89,280 46,080 34,560 Marigold's 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 Marigold Corporation. (Round earnings per Share to 2 decimal places, eg 148.) MARIGOLD CORPORATION Income Statement For the Year Ended December 31, 2020 Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses $ Administrative Expenses Income From Operations Rent Revenue Casualty loss rest Expense Income Before Income Tax Income Tax Expense Net Income/(Loss) $ Earnings Per Share $