The following are selected ledger accounts of Metlock Corporation at December 31, 2020. Cash $199,800 Salaries and wages expense (sales) $306,720 Inventory 577,800 Salaries and wages expense (office) 373,680 Sales revenue 4,617,000 Purchase returns 16,200 Unearned sales revenue 126,360 Sales returns and allowances 85,320 Purchases 3,008,880 Freight-in 77,760 Sales discounts 36,720 Accounts receivable 153,900 Purchase discounts 29,160 Sales commissions 89,640 Selling expenses 74,520 Telephone and Internet expense (sales) 18,360 Accounting and legal services 35,640 Utilities expense (office) 34,560 Insurance expense (office) 25,920 Miscellaneous office expenses 8,640 Advertising expense 58,320 Rent revenue 259,200 Delivery expense 100,440 Casualty loss (before tax) 75,600 Depreciation expense (office equipment) 51,840 Interest expense 190,080 Depreciation expense (sales equipment) 38,880 Common stock ($10 par) 676,480 Metlock'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 Metlock Corporation. (Round earnings per share to 2 decimal p METLOCK CORPORATION Income Statement For the Year Ended December 31, 2020 Total Revenues Cnet of Gande Cald