The income statement for Weatherford International Inc.'s year ended December 31, 2020, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 30%). The company had 100,000 common shares issued and outstanding throughout the year, as well as 20,000 shares of $1.20 cumulative preferred shares issued and outstanding. Retained earnings at December 31, 2019, were $328,800. Weatherford International Inc. Income Statement December 31, 2020 Revenues: Sales $1.152,000 Gain on sale of equipment 14.400 Interest income 6,720 Gain on sale of plant 141, 688 Operating profit on discontinued operation 29.048 51,343,760 Expenses: Cost of goods sold $ 348,00 Selling and administrative expenses 182.ee Sales discounts 11,762 Loss on sale of discontinued operation 36,000 Dividends 120,000 695,760 Profit 5648,000 Earnings per share 6.48 5 Required: Prepare a corrected income statement, including earnings per share information (Negative answers should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section. Round the "Earnings per Share" answers to 2 decimal places.) WEATHERFORD INTERNATIONAL INC. Income Statement For Yoar Ended December 31, 2020 Other revenues and expenses Discontinued operations Earnings per share of common shares outstanding Profit from continuing operations Loss from discontinued operations Profit