Waterway Corporation had net sales of $2,429,800 and interest revenue of $40,500 during 2020. Expenses for 2020 were cost of goods sold $1,452,600, administrative expenses $221,700, selling expenses $289,000, and interest expense $49,900. Waterway's tax rate is 30%. The corporation had 100,300 shares of common stock authorized and 70,420 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Waterway Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) WATERWAY CORPORATION Income Statement $ $ $ $