Learning Objective 5 Appendix 09A Net Income $90,400 P03A-40B Preparing an income statement The following information was taken from the records of Daughtry Motorsports, Inc. at November 30, 2022: Selling Expenses $120,000 Common Stock, $10 Par Value, 21,300 shares authorized and issued $213,000 Administrative Expenses 128,000 Preferred Stock, $5 No-Par Value, 3,000 shares issued 150,000 Income From Discontinued Operations 4,000 Cost of Goods Sold 434,000 Income Tax Expense: Continuing Operations Income Tax Expense: Income From Discontinued Operations 69,000 Treasury Stock-Common (1,300 shares) 14,300 Net Sales Revenue 1,600 839,000 Prepare a multi-step income statement for Daughtry Motorsports for the fiscal year ended November 30, 2022. Include earnings per share.