The following balances were taken from the books of Pina Colada 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 $87,000 52,000 1,390,000 130,000 17,000 126,000 6,000 44,000 100,000 200,000 150,000 626,000 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative expenses Unearned revenue Interest expense Notes payable Loss from storm damage Depreciation expense $34,000 24,000 136,000 193,000 168,000 101,000 92,000 21,000 42,000 100,000 132,000 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. Pina Colada Limited follows ASPE but decides to disclose EPS on its income statement.(Round per share answer to 2 decimal places, e.g. 52.74.) Pina Colada Limited Income Statement