1. Kristopher Corporations capital structure consists of 130,000 shares of common stock. The trial balance for Kristopher Corporation at December 31, 2022 appears below:

	Debit		Credit
Cash	$58,000
Accounts receivable	65,000
Allowance for doubtful accounts			$10,000
Materials and supplies	45,000
Land	442,000
Machinery and equipment	441,000
Accumulated depreciation			165,000
Patents	93,000
Accounts payable			57,000
Unearned service revenue			10,000
Accrued interest payable			7,000
Notes payable (due in 5 years)			320,000
Common stock			215,000
Retained earnings, January 1, 2021			198,000
Dividends declared	28,000
Sales			1,834,000
Dividend revenue			17,000
Cost of goods sold	983,000
Selling expenses	236,000
General and administrative expenses	295,000
Loss from discontinued operations (net of taxes)	35,000
Interest expense	27,000
Income tax expense	85,000
	$2,833,000		$2,833,000

The income tax expense of $85,000 is all applicable to income from continuing operations. The tax effect of the loss from discontinued operations was $7,000.

Required:

Prepare a multiple-step income statement, including Earnings per Share.