P13-3A. Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Robert Corporation's current operations: 2014 Sales revenue... $800,000 Cost of goods sold ... 460,000 Selling expenses .. 65,000 Administrative expenses... 72,000 Loss on sale of equipment 4,000 Income tax expense... 42.000 Shares of common stock Outstanding at January 1... 20,000 shares Additional issued at May 1 ...... 7,000 shares Additional issued at November 1.... November 1....................................... 2,000 shares .. Required Prepare a multiple-step income statement for Robert Corporation for the year. Include carines per share disclosure at the bottom of the income statement. Income Statement For the Year Ended December 31 homma EMP FINNASSA Net income Earnings per share Calculation of weighted average shares of stock # shares Months Share months Weighted average shares of stock outstanding