The following balances were taken from the books of Flounder Limited on December 31, 2020:

Interest income		$82,000		Accumulated depreciationequipment		$36,000
Cash		52,000		Accumulated depreciationbuildings		26,000
Sales revenue		1,400,000		Notes receivable		154,000
Accounts receivable		150,000		Selling expenses		192,000
Prepaid insurance		18,000		Accounts payable		175,000
Sales returns and allowances		146,000		Bonds payable		111,000
Allowance for doubtful accounts		6,000		Administrative expenses		94,000
Sales discounts		44,000		Unearned revenue		22,000
Land		110,000		Interest expense		43,000
Equipment		220,000		Notes payable		110,000
Building		140,000		Loss from storm damage		152,000
Cost of goods sold		628,000		Depreciation expense		43,000

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. Flounder Limited follows ASPE but decides to disclose EPS on its income statement.(Round per share answer to 2 decimal places, e.g. 52.74.)

Flounder Limited Income Statement choose the accounting period For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020