The following balances were taken from the books of Blue Spruce Limited on December 31, 2020: Interest income Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Building Cost of goods sold $70,000 52,000 1,400,000 150,000 24,000 146,000 6,000 44,000 110,000 220,000 140,000 621,000 Accumulated depreciation equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative expenses Unearned revenue Interest expense Notes payable Loss from storm damage Depreciation expense $48,000 25,000 156,000 196,000 160,000 111,000 98,000 21,000 58,000 110,000 152,000 58,000 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement showing expenses by function. Assume that 100,000 common shares were outstanding during the year. Include calculation of EPS. Blue Spruce Limited follows ASPE but decides to disclose EPS on its income statement. (Round per share answer to 2 decimal places, e.g. 52.74.) Blue Spruce Limited Income Statement GA > > $ $ $ Save for Later Attempts: 0 of 3 used Submit