The following balances were taken from the books of Blossom Corp. on December 31, 2020. Interest revenue Cash Sales revenue $88,100 53,100 Accumulated depreciation-equipment $42,100 Accumulated depreciation-buildings 30,100 1,382,100 Notes receivable 157,100 Accounts receivable Prepaid insurance 152,100 Selling expenses 196,100 22,100 Accounts payable 172,100 Sales returns and allowances 152,100 Bonds payable 102,100 Allowance for doubtful accounts 9,100 Administrative and general expenses 99,100 Sales discounts 47,100 Accrued liabilities 34,100 Land 102,100 Interest expense 62,100 Equipment 202,100 Notes payable 102,100 Buildings 142,100 Loss from earthquake damage 152,100 Cost of goods sold 623,100 Common stock 502,100 Retained earnings 23,100 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) BLOSSOM CORP. Income Statement For the Year Ended December 31, 2020 Sales Sales Revenue $ 1382100