The accountant of Sheridan Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2025. Rent revenue $30,600 Interest expense 19,600 Market appreciation on land above cost 32,600 Salaries and wages expense (selling) 116,400 Supplies (selling) 19,200 Income tax 24,700 Salaries and wages expense (administrative) 137,500 Other administrative expenses 53,300 Cost of goods sold 497,600 Net sales 981,600 Depreciation on plant assets (70% selling. 30% administrative) 66,600 Cash dividends declared 17,600 There were 20,000 shares of common stock outstanding during the year. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48. Enter selling expenses before administrative expenses. Enter other revenue and gains before other expenses and losses.) SHERIDAN SHOE CO. Income Statement SHERIDAN SHOE CO. Income Statement $