The following balances were taken from the books of Culver Limited on December 31, 2020: Interest income $83,000 Accumulated depreciation-equipment $46,000 Cash 53,000 Accumulated depreciation-buildings 27,000 Sales revenue 1,410,000 Notes receivable 146,000 Accounts receivable 140,000 Selling expenses 195,000 Prepaid insurance 23,000 Accounts payable 164,000 Sales returns and allowances 136,000 Bonds payable 111,000 Allowance for doubtful accounts 7,000 Administrative expenses 97,000 Sales discounts 47,000 Unearned revenue 23,000 Land 110,000 Interest expense 40,500 Equipment 220,000 Notes payable 110,000 Building 130,000 Loss from storm damage 142,000 Cost of goods sold 625,000 Depreciation expense 40,500 Assume the total effective tax rate on all items is 30%. 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. Culver Limited follows ASPE but decides to disclose EPS on its income statement. (Round per share answer to 2 decimal places, e.g. 52.74.) Culver Limited Income Statement