The following balances were taken from the books of Flint 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 $88,000 51,000 1.400,000 160,000 17,000 156,000 7,000 47.000 110,000 220,000 130,000 612.000 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative expenses Unearned revenue Interest expense Notes payable Lors from storm damage Depreciation expense $34,000 25,000 165,000 190,000 165.000 111.000 97.000 20,000 42,000 110,000 162.000 42.000 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. Flint Limited follows ASPE but decides to disclose EPS or its income statement (Round per share answer to 2 decimal places e 5274) Flint Limited Income Statement $ > > > > 5 > > $ e Textbook and Media