Whispering's effective tax rate on all items is 20%. A physical inventory indicates that the ending inventory is $686,000. Prepare a condensed 2020 income statement for Whispering Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) Net Sales Cost of Goods Sold Gross Profit/(Loss) Selling Expenses Administrative Expenses WHISPERING CORPORATION Income Statement For the Year Ended December 31, 2020 +A $ +A