Q 1 another redo answer was not completed when posted the first time. last pic shows drop down menu.

Question 1 of 6 Current Attempt in Progress Sheffield Corporation had net sales of $2,417,500 and interest revenue of $39,900 during 2020. Expenses for 2020 were cost of goods sold $1,462,200, administrative expenses $221,900, selling expenses $295,900, and interest expense $49.500. Sheffield's tax rate is 30%. The corporation had 104,500 shares of common stock authorized and 70,380 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Sheffield Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) Gross Profit/(Loss) 9 SHEFFIELD CORPORATION Income Statement For the Year Ended December 31, 2020 0.62/1 = 1 # 2417500 1462200 55300 Statement Question 1 of 6 Total Expenses Income From Operations Interest Revenue Income From Operations Interest Expense Net Income/(Los Net Sales # 39900 49500 0.62/1 437500 bog! 9600 i 447100 !!! 1 Income From Operations Dividends Earnings Per Share Expenses Gross Profit/ (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues Other Revenues and Gains Other Expenses and Losses 49500