Financial records for Birchwood Industries for the fiscal year ending June 30, 2023, show the following:

• Accounts receivable: $125,000
• Retained earnings, July 1, 2022: $410,000
• Gain on operation of discontinued operations (before tax): $110,000
• Sales revenue: $1,650,000
• Cost of goods sold: $870,000
• Selling expenses: $175,000
• Cash: $89,000
• Common shares (75,000 common shares outstanding): $355,000
• Dividend revenue: $22,000
• Inventory: $143,000
• Unearned revenue: $8,200
• Land: $455,000
• Interest expense: $28,000
• Administrative expenses: $190,000
• Notes payable (maturity 2025): $235,000
• Accounts payable: $97,000
• Loss on disposal of discontinued operations (before tax): $105,000
• Depreciation expense: $64,000
• Loss on sale of machinery (before tax): $15,000

Birchwood Industries is subject to a 27% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Birchwood Industries for the fiscal year ending June 30, 2023.
2. Compute the earnings per share if needed.
3. Calculate the operating profit margin.
4. Determine the income from continuing operations.