What Would the income statement look like, INCLUDING the EPS calculation? 32,000 common shares issues and outstanding.

For December 31, 20XX, the balance sheet of the Gardner Corporation is as follows: Sales for 20XY were $220,000, with cost of goods sold being 60 percent of sales. Amortization expense was 10 percent of plant and equipment (net) at the beginning of the year. Interest expense for the bonds payable was 8 percent, while interest on the notes payable was 10 percent. These are based on December 31,20XX, balances. Selling and administrative expenses were $22,000, and the tax rate averaged 18 percent. During 20XY, the cash balance and prepaid expense balance were unchanged. Accounts receivable and inventory each increased by 10 percent, and accounts payable increased by 25 percent. A new machine was purchased on December 31,20XY, at a cost of $35,000. A cash dividend of $12,800 was paid to common shareholders at the end of 20XY. Also, notes payable increased by $6,000 and bonds payable decreased by $10,000. The common stock account did not change. a. Prepare an income statement for 20XY