Consider the following financial data from the records of Oakridge Construction as of December 31, 2021:

• Accounts receivable: $120,000
• Retained earnings, January 1, 2021: $345,000
• Loss on operation of discontinued operations (before tax): $100,000
• Sales revenue: $1,650,000
• Cost of goods sold: $860,000
• Selling expenses: $160,000
• Cash: $88,000
• Common shares (45,000 common shares outstanding): $300,000
• Dividend revenue: $20,000
• Inventory: $140,000
• Unearned revenue: $6,500
• Machinery: $450,000
• Interest expense: $23,000
• Administrative expenses: $185,000
• Loans payable (maturity 2025): $210,000
• Accounts payable: $87,000
• Gain on disposal of discontinued operations (before tax): $170,000
• Depreciation expense: $60,000
• Loss on sale of machinery (before tax): $15,000

Oakridge Construction is subject to a 28% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Oakridge Construction for the year ended December 31, 2021.
2. Compute the earnings per share if needed.
3. Calculate the gross profit margin.
4. Determine the net income from continuing operations.