The following balances were taken from the books of Crane Corp. on December 31, 2020. Interest revenue $87000 Accumulated depreciation-equipment $41000 Cash 52000 Accumulated depreciation-buildings 29000 Sales revenue 1381000 Notes receivable 156000 Accounts receivable 151000 Selling expenses 195000 Prepaid insurance 21000 Accounts payable 171000 Sales returns and allowances 151000 Bonds payable 101000 Allowance for doubtful accounts 8000 Administrative and general expenses 98000 Sales discounts 46000 Accrued liabilities 33000 Land 101000 Interest expense 61000 101000 Equipment 201000 Notes payable Buildings 141000 Loss from earthquake damage 151000 Cost of goods sold 622000 Common stock 501000 Retained earnings 22000 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.)