The trial balance of Lakewood Inc. included the following accounts as of December 31, 2021: Debits Credits 2,300,000 90,000 60,000 Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expense Loss on inventory write-down Interest expense General and administrative expense 1,500,000 270,000 40,000 50,000 160,000 Lakewood Inc. had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure.(Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) $ LAKEWOOD INC. Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: Selling expense S (270,000) General and administrative expense (160,000) 2,300,000 (1,500,000) 800,000