Company A has the following information available for years ending May 31, 2017, 2016, and 2015:

	2017	2016	2015
Revenues	20,000,000	28,000,000	26,000,000
Cost of Goods Sold	11,800,000	16,240,000	15,200,000
Operating Expenses	4,100,000	5,400,000	5,200,000
Interest Expense	1,100,000	1,300,000	1,450,000

Additional Information:

During the year ended May 31, 2017, the company had one of its operations destroyed by a flood. The area where this operation was located had not flooded in over 100 years. The company incurred a before-tax loss of $300,000 as a result of this event.

On February 1, 2016, the company sold a segment of the company for $2,400,000 less than the segments book value. The segment had revenues of $3,000,000 for 2016 and $2,600,000 for 2015. Cost of goods sold was $750,000 in 2016 and $600,000 in 2015. Operating expenses were $700,000 in 2016 and $550,000 in 2015.

The company had a tax rate of 25% for all years. Assume no deferred taxes.

The company had 10 million shares of common stock outstanding on June 1, 2014. On April 1, 2015, an additional 600,000 shares were issued. On November 1, 2016, the company purchased 300,000 shares of their own stock as treasury stock. On December 1, 2017, the company declared and issued a 20% stock dividend.

The company issued 1,000 bonds on January 2, 2014 at par. The bonds are 10-year bonds with a par value of $1,000 and a face interest rate of 6%. Each bond is convertible into 25 shares of Company A common stock. At December 31, 2017, none of the bonds have been converted.

On June 1, 2015 the company issued 50,000 stock options to its CEO. The options allow the CEO to purchase common stock shares for $20 per share. The CEO may begin exercising the options on June 1, 2017 provided she is still employed by the company. She currently remains CEO of the company.

The average market price of Company A common stock for year ended May 31, 2016 was $30 and for year ended May 31, 2017, it was $38. The May 31 closing market price for Company A common stock was $42 for 2016 and $40 for 2017.

Required: Prepare, in good form, the Income Statement for year ended May 31, 2017 with the two prior years shown for comparative purposes. Include all earnings per share amounts required to be reported in the financial statements on the face of the comparative Income Statement.