LO1, 4 P13-3A. Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue.. Cost of goods sold. Selling expenses Administrative expenses Loss on sale of equipment.. Income tax expense.. Shares of common stock $760,000 450,000 65,000 72,000 5,000 42,000 Outstanding at January 1. 20,000 shares Additional issued at May 1 Additional issued at November 1 7,000 shares 2,000 shares