The following balances were taken from the books of Alonzo Corp. as of December 31, 2020. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold Common stock Retained earnings $ 86,000 Accumulated depreciation - equipment 51,000 Accumulated depreciation - buildings 1,380,000 Notes receivable 150,000 Selling expenses 20,000 Accounts payable 150,000 Bonds payable 7,000 General and administrative expenses 45,000 Accrued liabilities 100,000 Restructuring charge 200,000 Notes payable 140,000 Loss from earthquake damage 621,000 Effective tax rate 500,000 Common shares outstanding 21,000 Preferred dividends $ 40,000 28,000 155,000 194,000 170,000 100,000 97,000 32,000 60,000 100,000 150,000 20% 100,000 24,000 Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places