ACC Partners reports the following information for the year ended December 31, 2024:

Account Amount Subscription revenue $ 2,350,000 I

nterest revenue 80,000

Loss on sale of investments 22,500

Cost of sales 1,200,300

Loss on sale of property 200,000

Marketing expenses 300,000

General and administrative expense 150,000

Interest expense 90,000 I

n addition, there were 160,000 shares of common stock outstanding throughout 2024. Income tax expense has not yet been recorded. The income tax rate is 25%.

Prepare Income statement and Compute earnings per share (EPS)