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B Metlock Corporation had net sales of $2,422,600 and interest revenue of $34,200 during 2020. Expenses for 2020 were cost of goods sold $1,463,400, administrative expenses $212,200, selling expenses $282,500, and interest expense $48,600. Metlock's tax rate is 30%. The corporation had 107,200 shares of common stock authorized and 70,540 shares issued and outstanding during 2020. Prepare a condensed multiple-step income statement for Metlock Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) METLOCK CORPORATION Income Statement For the Year Ended December 31, 2020 ales 2422600 Cost of Goods Sold 1463400 Gross Profit/ (Loss) 959200 Administrative Expenses 212200 Selling Expenses 282500 494700 Income From Operations 1453900 Other Revenues and Gains T Interest Revenue 34200 CALCULATOR PRINTER VERSION BACK NEXT Interest Revenue 34200 Other Expenses and Losses o the T Interest Expense 48600 14400 Income Before Income Tax 1439500 Income Tax Expense 431850 Net Income / (Loss) 1007650 Earnings Per Share 14.28 Click if you would like to Show Work for this question: Open Show Work