Collections of Accounts Recelvable

$$1,034,000$

Retained Earnings. January $1,2023$

$752\mathrm{.}000$

Sales Revenue

$1786,000$

Selling and Administrative Expenses

$272,600$

Loss from Flood Damage

$329,000$

Dividends

$31,960$

Cost of Goods Sold

$1,034,000$

Loss resulting from calculation error on depredation charge in $2021($pre$-$tax$)$

$432,400$

Interest Revenue

$169200$

Interest Expense

$112\mathrm{.}800$

Loss on Loan Settlement $($Loss from early repayment, before taxd

$319,600$

Gain on Foreign Currency $($pre$-$tax$)$

$206\mathrm{.}800$

Additional information:

Earty in $2023,$ Oriole changed depreciation methods for its plant assets from the double$-$declining$-$balance to the straight$-$line method The affected assets were purchased at the beginning of $2018$ for $$188,000,$ had no residual value, and had useful

On September $1,2023,$ Onole sold one of its segments fproduct line$/$ to Best industries for a gain ipre$-$tax$)$ of $$517,000.$ During the period January $1$ to August $31,$ the discontinued segment incurred an operating loss $($pre$-$tax$)$ of $$451,200.$ This

Included in selling and administrative expenses are credit losses of $$17,860.$ Oriole bases its credit losses upon a percentage of sales. In $2021$ and $2022,$ the percentage was $0\mathrm{.}5\%.$ In $2023,$ the percentage was changed to $1.$

In good form, prepare a multiple$-$step income statement for $2023.$ Assume a $20\%6$ income tax rate and that $15,040$ common shares were outstanding during the year. $($Round earnings per share answers to $2$ decimal places, es $5\mathrm{.}75.)$