Presented below is a combined single-step income and retained earnings statement for Amalgamated Steel Co. for 2008.

Additional facts gleaned from Amalgamate d's financial statement footnotes follow:

a. “Other, Net” for 2008 included a corporate restructuring charge of \($9,753,000\) and a gain of \($11,000,000\) resulting from compensation paid by the U.S. government for company property taken under the right of eminent domain. The remainder of the caption is comprised of investment losses.

b. “Marketing, administrative, and other expenses” for 2008 included a loss on currency translation of \($50,000\) .

c. All of these transactions were subject to Amalgamate d's income tax rate of 30%.

d. Amalgamated disclosed earnings per share data only in the notes to the financial statements.
The company had 10,000,000 shares of common stock outstanding throughout 2008.
Required:
Recast this single-step combined income statement and retained earnings statement as a multistep income statement in appropriate form. Include appropriate per share amounts.

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Income Statement Year Ended December 31, 2008 ($ in 000) Net sales Costs and expenses Cost of products sold Marketing, administrative and other expenses Interest expense Other, net Total expenses before taxes Earnings before income taxes Provision for income taxes Net income Retained earnings at 1/1/08 Dividends on common stock Retained earnings at 12/31/08 $4,801,776 4,332,277 175,588 14,286 49,572 4,571,723 230,053 (69,016) 161,037 2,538,883 (59,383) $2,640,537