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 2020 information related to Metlock Company ($000 omitted). $5,401 4,461 61,071 17,731 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 3,191 8,481 6,981 97,001 9,571 2,361 Common shares outstanding for 2020 total 26,428 (000 omitted). (a) Prepare an income statement for the year 2020 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.) METLOCK COMPANY Income Statement (In thousands, except earnings per share) $ Onu