Prepare an income statement for Virginia Slim Wear. Take your
calculations all the way to computing earnings per share. (Round
EPS answer to 2 decimal places.) Sales $ 1,250,000 Shares
outstanding 107,000 Cost of goods sold 780,000 Interest expense
32,000 Selling and administrative expense 45,000 Depreciation
expense 22,000 Preferred stock dividends 82,000 Taxes 106,000