P13-3A. Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Robert Corporation's current operations:

Sales revenue....$800,000

Costs of goods sold.....460,000

Selling expenses.....65,000

Administrative expense........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

Additional Issued at November 1...........................................................................................................2,000 shares

Required

Prepare a multiple-step income statement for Robert Corporation for the year. Include earnings per share disclosure at the bottom of the income statement.