030, Shown below is an income statement for 2014 that was prepared by a poorly trained for 2014 that was prepared by a poorly trained bookkeeper of Howell Corporation. (10) Howell Corporation INCOME STATEMENT December 31, 2014 700,000 Sales revenue Investment revenue (not from main operating activities) Cost of goods sold Selling expenses Administrative expenses Interest expense (not from main operating activities) Income before special items Special items 10,000 (300,000) (110,000) (100,000) (20,000) 180,000 (10,000) Loss on disposal of a component of the business Net federal income tax liability Net income (51.000) S 119,000 Instructions: Prepare a multiple-step income statement for 2014 for Howell Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology). Howell Corporation has 50,000 shares of common stock outstanding and has a 30% federal income tax rate on all tax related items. Round all earnings per share figures to the nearest cent