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

Interest income		$81,000		Accumulated depreciationequipment		$30,000
Cash		49,000		Accumulated depreciationbuildings		29,000
Sales revenue		1,400,000		Notes receivable		155,000
Accounts receivable		150,000		Selling expenses		193,000
Prepaid insurance		15,000		Accounts payable		166,000
Sales returns and allowances		146,000		Bonds payable		111,000
Allowance for doubtful accounts		6,000		Administrative expenses		90,000
Sales discounts		46,000		Unearned revenue		24,000
Land		110,000		Interest expense		40,500
Equipment		220,000		Notes payable		110,000
Building		160,000		Loss from storm damage		152,000
Cost of goods sold		628,000		Depreciation expense		40,500

Assume the total effective tax rate on all items is 20%. 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. Swifty Limited follows ASPE but decides to disclose EPS on its income statement.(Round per share answer to 2 decimal places, e.g. 52.74.)

Swifty Limited Income Statement choose the accounting period For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020
select an opening name for section one Income from OperationsNet Income / (Loss)Income before Income TaxNet Sales RevenueOperating ExpensesEarnings Per ShareGross Profit / (Loss)RevenueOther Revenues and GainsOther Expenses and Losses