View Policies Current Attempt in Progress The following balances were taken from the books of Novak Fabrication Limited on December 31, 2023: Interest income $89,000 Accumulated depreciation-equipment $50,000 Cash 51,000 Accumulated depreciation-buildings 26,000 Sales revenue 1,410,000 Notes receivable 166,000 Accounts receivable 160,000 Selling expenses 194,000 Prepaid insurance 25,000 Accounts payable 172,000 Sales returns and allowances 156,000 Bonds payable 111,000 Allowance for doubtful accounts 8,000 Administrative expenses 90,000 Sales discounts 42,000 Unearned revenue 22,000 Land 110,000 Interest expense 42,000 Equipment 220,000 Notes payable 110,000 Buildings 160,000 Loss from storm damage 162,000 Cost of goods sold 611,000 Depreciation expense 42,000 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement showing expenses by function. Assume that 100,000 common shares were outstanding during the year. Novak Fabrication follows ASPE but decides to disclose EPS on its income statement. (Round per share answer to 2 decimal places, e.g. 52.74. List other revenues and gains before other expenses and losses.)