Jay, Incorporated, a party rental business, completed its third year of operations on December $31.$ Because this is the end of the annual

accounting period, the company bookkeeper prepared the following tentative income statement:

You are an independent CPA hired by the company to audit the company's accounting systems and review the financial statements. In

your audit, you developed additional data as follows:

a$.$ Salaries and wages for the last three days of December amounting to $$660$ were not recorded or paid.

b$.$ Jay estimated telephone usage at $$370$ for December, but nothing has been recorded or paid.

c$.$ Depreciation on rental autos, amounting to $$22,700$ for the current year, was not recorded.

d$.$ Interest on a $$13,000,$ one$-$year, $8$ percent note payable dated October $1$ of the current year was not recorded. The $8$ percent

interest is payable on the maturity date of the note.

e$.$ Maintenance expense excludes $$2,200,$ representing the cost of maintenance supplies used during the current year.

f$.$ The Unearned Rent Revenue account includes $$4,500$ of revenue to be earned in January of next year.

g$.$ The income tax expense is $$5,000.$ Payment of income tax will be made next year.Prepare a corrected income statement for the current year including earnings per share. Assume that $7,000$ shares of stock

are outstanding all year.

Note: Round "Earnings per share" to $2$ decimal places and other final answers to the nearest whole dollar amount.