Solve the below problem:
Q: Presented below is information related to Brokaw Corp. for the year 2010. Net sales $1,200,000 Write-off inventory due to obsolescence $80,000 Cost of goods sold 780,000 Depreciation expense omitted by accident in 2009 40,000 Selling expenses 65,000 Interest expense 50,000 Administrative expenses 48,000 Cash dividends declared 45,000 Dividend revenue 20,000 Retained earnings at December 31, 2009 980,000 Interest revenue 7,000 Effective tax rate of 34% on all items (a) Prepare a multiple-step income statement for 2010. Assume that 60,000 ordinary shares are outstanding. (Round earnings per share 2 decimal places, e.g. 5.25 and all other answers to zero decimal places, e.g. 2,250. Enter all amounts as positive amounts and subtract where necessary. List multiple entries from largest to smallest amount, e.g. 10, 5, 2.)