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Question 5 Sunland, Inc. has the following data for the year ended December 31, 2020:...

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Question 5 Sunland, Inc. has the following data for the year ended December 31, 2020: Net sales Loss on disposal of discontinued operation Cast of goods sold Interest expense Selling expenses Administrative expenses Shares of capital stock outstanding, 10,000 Tax rate of 30% on all items $270,300 21,900 166,000 3,400 15,900 35,330 Prepare a multiple-step income statement for Sunland, Inc. for the year ended December 31, 2020. (Round earnings per share answers to 2 decimal places, e.g. 5.25.) Sunland Inc. Income Statement Year Ended December 31, 2020 Net Sales s 270,300 Cost of Goods Sold 166000 Gross Profit 104,300 Operating Expenses Selling Expenses 15,900 Administrative Expenses 35,300 Total Operating Expenses Income from Operations Other Expenses and losses Interest Expense 15,900 Income before Income Tax Income Tax Income from Continuing Operations Lass on Disposal of Discontinued Operation Less : Income Tax Earnings per share: Income from Continuing Operations $L Loss on Disposal of Discontinued Operation, Net of Tax Net Income / (Loss) SI Click if you would like to show Work for this question: Open Show Work

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