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 Tamarisk Company ($000 omitted). Administrative expense Officers' salaries $5,168 Depreciation of office furniture and equipment 4.228 Cost of goods sold 60,838 Rent revenue 17.498 Selling expense Delivery expense 2.958 Sales commissions 8.248 Depreciation of sales equipment 6,748 Sales revenue 96,768 Income tax Interest expense 2,128 9.338 Common shares outstanding for 2020 total 29,224 (000 omitted). Prepare an income statement for the year 2020 using the multiple-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) TAMARISK COMPANY Income Statement For the Year Ended December 31, 2020 (In thousands, except earnings per share) Sales Revenue Cost of Goods Sold Gross Profit/(Loss) Operating Expenses Selling Expenses Delivery Expense Sales Commission Total Selling Expenses Administrative Expenses Salaries and Wages Expense Depreciation Expense Total Administrative Expenses nn $ AO