King Company 12/31/20x2Partial Trial Balance Data Debits CreditsSales revenue 620,000Interest revenue 74,000Gain on sale of investments 124,000Cost of goods sold 460,000Selling expense 136,000Interest expense 26,000General and administrative expenses 92,000King 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 multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.)

King CompanyIncome StatementFor the Year Ended December 31, 20x2Gross profitOperating expenses:Total operating expensesOperating income (loss)Other income (expense):Total other income, netIncome before income taxesNet income (loss)Earnings per share