Prepare a multi-step income statement (using good form) for the Christensen Corporation. Christensen Corporation had the following items on Dec. 31, 2021, prior to closing entries (note this is a partial list of all accounts in the adjusted trial balance):

Sales Revenues $4,000,000 Accrued Wages Payable $ 25,000

Cost of Goods Sold $1,600,000 Admistrative Expenses $350,000

Retained Earnings $ 700,000 Prepaid Rent $ 85,000

Inventory $ 100,000 Investments $ 45,000

Allow for Doubtful Acct $ 1,600 Interest Revenue $ 3,000

Accum. Depr.-Equip. $ 390,000 Selling Expenses $ 120,000

Unearned Rent Revenue $ 5,000

The appropriate tax rate for all income statement items is 30% for all items.

You have discovered that for the years 2020, 2021, Christensen Corporation's bookkeeper erroneously computed depreciation of a building. The correct amount of depreciation expense was $80,000 per year, but the bookkeeper recorded $40,000. Depreciation Expense is shown as part of Administrative Expenses.

The company discontinued a business segment. The net loss during the year was $80,000 before taxes, and the company disposed of assets with a book value of $200,000 and a fair value of $100,000. It does qualify for treatment as a discontinued operations.

The company had 1,000,000 shares of stock outstanding during the year. Show EPS for all appropriate amounts.