Two accountants, Yuan Tsui and Sergio Aragon, are arguing about the merits of presenting an income statement in the multiple-step versus the single-step format. The discussion involves the following 2020 information for P. Bride Company (in thousands): Administrative expenses Selling expenses Officers' salaries $4,200 Delivery $2,330 Depreciation of office furniture and equipment 3,260 Sales commissions 69,590 Cost of goods sold 57,130 Depreciation of sales equipment 6,710 Rental revenue 14,650 Sales revenue 305,400 Interest expense 1,130 Common shares outstanding for 2020 total 30,000 (in thousands). Income tax for the year was $17,570. Prepare an income statement for the year ended December 31, 2020, using the multiple-step format, showing expenses by function. Include calculation of EPS. (List Selling Expenses before Administrative Expenses. Round per share answer to 2 decimal places, eg. 52.75.) P. Bride Company Income Statement (In thousands, except earnings per share) v v - ||| V