Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,000 in cash (for a total at the end of the year of 800 shares). These effects are included below: Cash Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit $1,500 2,200 Accounts receivable Interest receivable 100 Prepaid insurance 1,600 Long-term notes receivable 2,800 Equipment 15,290 Accumulated depreciation $3,000 Accounts payable 2,400 Dividends payable Income taxes payable 600 Accrued expenses payable 3,920 1,680 Unearned rent revenue 500 Common Stock (800 shares) Additional paid-in capital 80 3,620 Retained earnings 1,400 Sales revenue 38,500 Rent revenue 800 Interest revenue 100 Wages expense 19,500 Depreciation expense 1,800 Utilities expense 380 Insurance expense 750 Rent expense 9,000 Income tax expense 1,680 Total $56,600 $56,600 Prepare a multistep income statement for the current year. Note: Round your earnings per share to 2 decimal places. CATENA'S MARKETING COMPANY Income Statement For the current year Operating revenues: Sales revenue Rent revenue $ 38,500 800 Total operating revenues 39,300 Operating expenses: Wages expense Depreciation expense Utilities expense Insurance expense Rent expense 19,500 1,800 380 750 9,000 Total operating expenses 31,430 7,870 Other item: Interest revenue 100 Pretax income 7,970 Income tax expense 1,680 Net income 6,290 Earnings per share $ 7.86