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RUSH: please fix incorrect answers. please dont repost the picture of the answer with "2.3 per share"!

ming a Single-Step and a Multiple-Step Income Statement The following selected items are taken from the adjusted trial balance of Amick Corp. at December 31, 2020. Sales revenue $1,330,000 Cost of goods sold 805,000 Dividends received on investment in stocks 9,100 Interest expense 5,880 Loss on sale of investments 67,200 Promotion expense 21,000 Shipping expense 35,000 Depreciation (50% selling 50% general and administrative) 28,000 Salaries (general and administrative) 112.000 Other general and administrative expenses 32,200 Salaries (selling) 119.420 Interest revenue 3,500 Income tax rate 25% Common stock 20,000 shares Required a. Prepare a single-step income statement (including earnings per share). Include income taxes in its own section. b. Prepare a multiple-step income statement (including earnings per share), Enter revenues and gains and expenses and losses in the order of the largest dollar amount to the smallest dollar amount. Do not use negative signs with any of your answers Enter the answer for earings per share in dollars and cents, rounded to the nearest penny Enter revenues and gains and expenses and losses in the order of the largest dollar amount to the smal Do not use negative signs with any of your answers. Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny. Single-step Multiple-step . b. Prepare a multiple-step income statement (including earnings per share). Amick Corp. Income Statement For the Year Ended December 31, 2020 Sales revenue 1,330,000 Cost of goods sold 805,000 Gross profit 525,000 Operating expenses Selling expenses: Salaries expense 5 119,420 Shipping expense 35,000 Promotion expense 21,000 Depreciation expense e OX 28,000 X General and administrative expenses Salaries expense 112,000 Other general and administrative expenses 32,200 Depreciation expense 28,000 X 28,000 X Total operating expenses 0 x Operating income 0 x Cost of goods sold X Cost of goods sold X 35,000 X Cost of goods sold X 35,000 x 35,000 X Shipping expense X Cost of goods sold X 67,200 Interest expense 5,880 5,880 X Income before income taxes OX Income tax expense Net income OX Earnings per chara 0 > > e . > > > 0 X . $

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