Learning Objective 5 P13-43A Preparing an income statement The following information was taken from the records of Chua Motorsports, Inc. at November 30, 2018: Net Income $65,500 $ 110,000 Selling Expenses Common Stock, $12 Par Value, 10,000 shares authorized and issued $ 120,000 Administrative Expenses 115,000 Preferred Stock, $7 No-Par Value, 7,000 shares issued Income from Discontinued Operations 2,500 490,000 Cost of Goods Sold 510,000 Income Tax Expense: Continuing Operations 20,000 Treasury Stock-Common (5,000 shares) 75,000 Income Tax Expense: Income from Discontinued Operations Net Sales Revenue 819,000 1,000 Prepare a multi-step income statement for Chua Motorsports for the fiscal November 30, 2018. Include earnings per share. year ended