E12-26A (similar to) Question Help The Grainger Book Company's accounting records include the following for 2018 (in thousands) (Click the icon to view the accounting records Read the requirements Requirement 1. Prepare Grainger Book Company's single-step income statement for the year ended December 31 2018, including earnings per share (EPS). Grainger had 1.000.000 shares of common stock and no preferred stock outstanding during the year (Round earnings per share amounts to the nearest cont Grainger Book Company Income Statement Year Ended December 31, 2018 (in thousands exceof per share amounts) Sales revenue 125,000 2,300 Other revenues Total operating expenses 102,500 Income tax expense 7.440 Net income 237 240 Earnings per share (EPS) Choose from any list or enter any number in the input Belds and then click Check Answer nt 1. Prepare Grainger Book Company's single-step income statement for the ear ended Dece ding earnings per share (EPS). Grainger had 1.000.000 shares of common stock and no preferr during the year. (Round earnings per share amounts to the nearest cent.) Grainger Book Company i Data Table sand rev! Other revenues. 2 300 rev Income tax expense 7 440 125.000 102 500 Sales revenue Total operating expenses ne ta icom Print | Done gs n any list or enter any number in the input fields and then click Check Answer. Reqquirements 1. Prepare Grainger Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Grainger had 1,000,000 shares of common stock and no preferred stock outstanding during the year Assume Grainger Book Company's income from operations indicates that its core business has steadily increasing by about 10% per year over the past three years and that none of its operations have been discontinued. What does this say about the quality of the company's earnings? Print Done