Financial data for Maple Foods for the year ended June 30, 2023, is as follows:

• Accounts receivable: $130,000
• Retained earnings, July 1, 2022: $380,000
• Loss on operation of discontinued operations (before tax): $125,000
• Sales revenue: $1,600,000
• Cost of goods sold: $850,000
• Selling expenses: $160,000
• Cash: $87,000
• Common shares (60,000 common shares outstanding): $330,000
• Dividend revenue: $22,000
• Inventory: $150,000
• Unearned revenue: $8,000
• Equipment: $470,000
• Interest expense: $26,000
• Administrative expenses: $180,000
• Bonds payable (maturity 2029): $210,000
• Accounts payable: $92,000
• Gain on disposal of discontinued operations (before tax): $185,000
• Depreciation expense: $64,000
• Loss on sale of assets (before tax): $14,000

Maple Foods is subject to a 30% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Maple Foods for the year ended June 30, 2023.
2. Compute the earnings per share if needed.
3. Calculate the gross profit margin.
4. Determine the net income.