Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2025 information related to Marigold Company ($000 omitted). Administrative expense Officers' salaries $5,150 Depreciation of office furniture and equipment 4,210 Cost of goods sold 60,820 Rent revenue 17,480 Selling expense Delivery expense 2,940 Sales commissions 8,230 Depreciation of sales equipment 6,730 Sales revenue 96,750 Income tax 9,320 Interest expense 2,110 Prepare an income statement for the year 2025 using the multiple-step form. Common shares outstanding for 2025 total 36,800 (000 omitted). (Round earnings per share to 2 decimal places, e.g. 1.48. Enter other revenue and gains before other expenses and losses) MARIGOLD COMPANY Income Statement (In thousands, except earnings per share)