Prepare a single-step income statement for the year ended December 31, 2012. Include earnings per share for earnings before extraordinary items and net income.

Prepare a multiple-step income statement. Include earnings per share for earnings before extraordinary items and net income.

Barbie Inc. Information ending Dec 31, 2012, assume 40% corporate tax rate on all items including casualty losses

Sales $670,000 Rental income 3,600 Gain on the sale of fixed assets 3,000 General and administrative expenses 110,000 Selling expenses 97,000 Interest expense 1,900 Depreciation for the period 10,000 Extraordinary item (casualty losspretax) 30,000 Cost of sales 300,000 Common stock (30,000 shares outstanding) 150,000