Bramble Ltd. provided the following information for the year 2022.

Retained earnings, January 1, 2022 636,000

Administrative expenses 254,400

Selling expenses 318,000

Sales revenue 2,014,000

Cash dividends declared 84,800

Cost of goods sold 901,000

Gain on sale of investments 67,060

Loss on discontinued operations 79,500

Rent revenue 42,400

Unrealized holding gain on equity securities designated at fair value through other comprehensive income 17,500

Income tax applicable to continuing operations 199,000

Income tax benefit applicable to loss on discontinued operations

26,900

Income tax applicable to unrealized holding gain 2,900

Weighted-average shares outstanding 100,000

Prepare an income statement for 2022. (Round earnings per share to 2 decimal places, e.g. $1.48.)