Instruction to Chegg Solver : Must be solved with Documents( Word pad, Notepad...) or convertible to Ms. word or excel.

From the following information, prepare income statement for Bata Shoes Co. for the ending year 2020.

Salary Expenses $5000 Interest expense 18,000 Selling expenses 132,800 Income tax 30,600 Administrative expenses 187,600 Cost of goods sold 500,000 Sales 2000,000 Sales Returns 10,000 Please note that there were 30,000 shares of common stock outstanding during the year and 15% preferred stocks. Instructions: Prepare an Income Statement and calculate earnings per share (EPS).