The following balances were taken from the books of Concord Corp. on December 31, 2020. Interest revenue $87,200 Accumulated depreciation-equipment $41,200 Cash 52,200 Accumulated depreciation-buildings 29,200 Sales revenue 1,381,200 Notes receivable 156,200 Accounts receivable 151,200 Selling expenses 195,200 Prepaid insurance 21,200 Accounts payable 171,200 Sales returns and allowances 151,200 Bonds payable 101,200 Allowance for doubtful accounts 8,200 Administrative and general expenses 98,200 Sales discounts 46,200 Accrued liabilities 33,200 Land 101,200 Interest expense 61,200 Equipment 201,200 Notes payable 101,200 Buildings Loss from earthquake damage 151,200 141,200 622,200 Cost of goods sold Common stock 501,200 Retained earnings 22,200 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 place: eg. 1.48.) CONCORD CORP. Income Statement For the Year Ended December 31, 2020 Sales Less : Per share of common stock