Item$4$

Item $4$

The trial balance of Plano Company included the following accounts as of December $31,2024$:

Debits Credits

Sales revenue $ $602,000$

Interest revenue $78,000$

Gain on sale of investments $128,000$

Cost of goods sold $ $445,000$

Selling expense $132,000$

Interest expense $22,000$

General and administrative expenses $84,000$

Plano had $50,000$ shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is $25\%.$

Required:

Prepare a single$-$step income statement with earnings per share disclosure.

Note: Round earnings per share answer to $2$ decimal places.