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$3,600

Delivery$2,070

Depreciation of office furniture and equipment

2,660

Sales commissions69,370

Cost of goods sold55,340

Depreciation of sales equipment6,350

Rental revenue

14,090

Sales revenue

308,000

Interest expense1,400

Common shares outstanding for 2020 total 30,000 (in thousands). Income tax for the year was $18,130. income statement for the year ended December 31, 2020, using the multiple-step format, showing expenses by function. Include calculation of EPS.