The following incorrect income statement was prepared by the accountant of the Axel Corporation AXEL CORPORATION Income Statement Tor the Year Ended December 31, 2021 Revenue and gainst Sales Revenue Intest tevenue Gain on sale of investments Total Eevenues and gains Expenses and lore: Cost of goods sold $380,000 Selling expense 70,000 administrative expense 90,000 Interast expense 27,000 Restructuring costs 66,000 Income tax expense 50.000 Total expenses and losses $700.000 43,000 90,000 833.000 683.000 Net Income $150,000 Earnings Pet share Required: Prepare a multiple step income statement for 2021 applying generally accepted accounting principles. The income tax rate is 25% (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, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expense Administrative expense Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income Earnings per share