The following items are from the adjusted trial balance of Bailey Corp. on December 31, 2020, the end of its annual accounting period. Assume an average 25% income tax on all items. Weighted average shares of common stock outstanding for 2020 were 10,000. Sales revenue Depreciation for the period Rent revenue Gain on sale of Investment Cost of goods sold $387,120 Selling expenses $81,600 3,600 General and administrative expenses 66,000 1,440 Interest revenue 540 1,200 Interest expense 900 198,000 Loss on sale of Investment 13,200 Required Prepare a multiple-step income statement for the 12 months ended December 31, 2020, including the earnings per share disclosure. Assume that rent revenue is a nonoperating revenue. Enter revenues and gains and expenses and losses in the order of the largest dollar amount to the smallest dollar amount. Do not use negative signs with any of your answers. Round the per share amount to two decimal places. Balley Corp. Income Statement For the Year Ended December 31, 2020 Sales revenue $ 387,120 Interest revenue Gross profit Operating expenses 540 387,660 $ 0 0 0 0 0 Operating income Other revenues and gains Rent revenue Gain on sale of Investment 0 0 0 0 Other expenses and losses Loss on sale of Investment Interest expense 13,200 900 0 0 0 Net Income $ $ 0 Earnings per share $ 0