The following incorrect Income statement was prepared by the accountant of the Axel Corporation: $592,000 32,000 86,000 710,000 AXEL CORPORATION Income Statement For the Year Ended December 31, 2018 Revenues and gains: Sales Interest and dividends Gain on sale of investments Total revenues and gains Expenses and losses: Cost of goods sold $325,000 Selling expenses 67,000 Administrative expenses 87,000 Interest 26,000 Restructuring costs 55,000 Income taxes 60,000 Total expenses and losses Net Income 620,000 $ 90,000 Earnings per share $ 0.90 Required: Prepare a multiple-step Income statement for 2018 applying generally accepted accounting principles. The Income tax rate is 40%. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.) AXEL CORPORATION Income Statement For the Year Ended December 31, 2018 0 0 0 0 0 Earnings per share