1. Multiple-step income statement

The following balances were taken from the books of Alonzo Corp. as of December 31, 2020.

Interest revenue	$ 86,000		Accumulated depreciation - equipment	$ 40,000
Cash	51,000		Accumulated depreciation - buildings	28,000
Sales revenue	1,380,000		Notes receivable	155,000
Accounts receivable	150,000		Selling expenses	194,000
Prepaid insurance	20,000		Accounts payable	170,000
Sales returns and allowances	150,000		Bonds payable	100,000
Allowance for doubtful accounts	7,000		General and administrative expenses	97,000
Sales discounts	45,000		Accrued liabilities	32,000
Land	100,000		Restructuring charge	60,000
Equipment	200,000		Notes payable	100,000
Buildings	140,000		Loss from earthquake damage	150,000
Cost of goods sold	621,000		Effective tax rate	20%
Common stock	500,000		Common shares outstanding	100,000
Retained earnings	21,000		Preferred dividends	24,000

Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places