Your answer is partially correct. Try again. The following balances were taken from the books of Sunland Corp. on December 31, 2020. $41,600 Interest revenue Accumulated depreciation-equipment $87,600 Cash 29,600 Accumulated depreciation-buildings 52,600 Sales revenue 156,600 1,381,600 Notes receivable 195,600 Accounts receivable 151,600 Selling expenses Prepaid insurance 171,600 21,600 Accounts payable Sales returns and allowances 101,600 151,600 Bonds payable Allowance for doubtful accounts Administrative and general expenses 98,600 8,600 Sales discounts 33,600 46,600 Accrued liabilities Land 101,600 Interest expense 61,600 101,600 151,600 Equipment 201,600 Notes payable Buildings Loss from earthquake damage 141,600 Cost of goods sold 622,600 Common stock 501,600 Retained earnings 22,600 Assume the total effective tax rate on all items is 20 %. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnin per share to 2 decimal places, e.g. 1.48.)