Here are the financial details for Willow Corp. for the fiscal year ending June 30, 2023:

• Accounts receivable: $122,000
• Retained earnings, July 1, 2022: $440,000
• Gain on operation of discontinued operations (before tax): $95,000
• Sales revenue: $1,750,000
• Cost of goods sold: $900,000
• Selling expenses: $185,000
• Cash: $94,000
• Common shares (90,000 common shares outstanding): $390,000
• Dividend revenue: $26,000
• Inventory: $148,000
• Unearned revenue: $8,500
• Land: $490,000
• Interest expense: $28,000
• Administrative expenses: $200,000
• Bonds payable (maturity 2026): $240,000
• Accounts payable: $102,000
• Loss on disposal of discontinued operations (before tax): $100,000
• Depreciation expense: $70,000
• Loss on sale of machinery (before tax): $19,000

Willow Corp. is subject to a 27% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Willow Corp. 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.