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Two accountants for the firm of Elwes and Wright are arguing zbout the merits of presenting an income statement in a multiple-step versus a single-step

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Two accountants for the firm of Elwes and Wright are arguing zbout the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion imvolves the following 2025 information related to Blossom Company (\$000 omitted) total 25,384 (000 omitted). (Round earninss per share to 2 decimal places, es. 148. Enter other revenue and goins before other apenses and losses) BLOSSOM COMPANY Income Statement December 31,2025 (In thousands, except eamings per share) Salesifevenue. Rent Revenue : Toty Reverues Sellinge Expenses Cost of Goods Sold 5 Officers' Salaries: Depreciation Expense 5 Total Expenses 5 Net Income ( floss)

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