The following information was taken from the records of Sheffield Inc for the year 2020: Income tax applicable to income from continuing operations $ 209 440 income tax applicable to loss on discontinued operations $ 28,560, and unrealized holding gain on available for sale securities (net of tax) $ 16,800. $ 106,400 $ 168,000 Gain on sale of equipment Loss on discontinued operations Administrative expenses 84.000 2,400,000 Cash dividends declared Retained earnings January 1, 2020 Cost of goods sold Selling expenses 268.800 952,000 Rent revenue 44,800 336,000 Loss on write down of inventory 67,200 Sales Revenue 2.128.000 Shares outstanding during 2020 were 100,000 Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, eg. 148) SHEFFIELD INC. Income Statement For the Year Ended December 31, 2020 Revenues Sales Revenue 2128000 Rent Revenue 44800 Total Revenues $ 227 Cost of Goods Sold Administrative Expenses Total Expenses Income from Operations $ Net Income /(Loss) > $