7 Plano Co. 12/31/2021 Partial Trial Balance Data Debits Credits Sales revenue 680,000 Interest revenue 71,000 Gain on sale of investments 121,000 Cost of goods sold 490,000 5 points Selling expense Interest expense General and administrative expenses 139,000 29,000 98,000 01:50:40 eBook Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a single-step income statement with earnings per share disclosure. (Round Earnings per share answer to 2 decimal places.) Revenues and gains: PLANO CO. Income Statement For the Year Ended December 31, 2021 Total revenues and gains Expenses: Total expenses Income before income taxes Net income (loss) Earnings per share