Help Save & E You skipped this question in the previous attempt Check The income statement for Weatherford International Inc's year ended December 31, 2020, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 30%). The company had 118,000 common shares issued and outstanding throughout the year, as well as 23,600 shares of $1.20 cumulative preferred shares issued and outstanding. Retained earnings at December 31, 2019, were $337800 Weatherford International Inc. Income Statement December 31, 2020 Revenuest Sales $1,197,000 Gain on sale of equipment 16,200 Interest income 7,080 Gain on sale of plant 143,460 Operating profit on discontinued operation 29,940 $1,393,620 Expenses: Cost of goods sold $366,000 Selling and administrative expenses 189.000 Sales discounts 12,660 Loss on sale of discontinued operation 37,800 138,000 743,460 Dividends $ 650, 160 Profit $ 5.51 Earnings per share Required: Prepare a corrected income statement, including earnings per share information, (Negative answers should be indicated by a minut Dr Tunes and avnance cartinn and the Hiernntinna nanntinne santian Don the "Enerinnener Chara laved Help Save & Exh Submit You skipped this question in the previous attempt Check my work WEATHERFORD INTERNATIONALING Income Statement For Year Ended December 31, 2020 Other revenues and expenses Discontinued operations Discontinued operations Is eBook Print Earnings per share of common shares outstanding Profit from continuing operations Loss from discontinued operations Profit