The following balances were taken from the books of Coronado Corp. on 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 $87,550 52,550 1,381,550 151,550 21,550 151,550 8,550 46,550 101,550 201,550 141,550 622,550 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general expenses Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings $41,550 29,550 156,550 195,550 171,550 101,550 98,550 33,550 61,550 101,550 151,550 501,550 22,550 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.) CORONADO CORP. Income Statement For the Quarter Ended December 31, 2020 : $