Presented below are selected ledger accounts of Metro Inc. at December 31, 20x1. 185,000 Prepaid insurance 24,000 Cash Merchandise inventory. 1/1/20X1 Sales Advances from customers Purchases Purchase discounts Sales salaries Sales returns Transportation in Sales equipment Accounts receivable 535,000 Advertising expense 4,275,000 Prepaid income tax 117,000 Depreciation of sales equipment 2,786,000 Telephone - sales 27,000 Unearned rent 284,000 Rental revenue 79,000 Interest expense 72,000 Common stock ($10 par) 135,500 Additional paid-in capital 142,500 Retained earnings 54,000 93,000 36,000 17,000 8,000 240,000 176,000 900,000 250,000 166,000 Metro's tax rate on all items is 34%. A physical inventory indicates that the ending inventory is $686,000. A pretax $5,000 loss was recognized on the sale of Division Y a major component of the company). This division had earned a pretax operating income of $2,500 in 20x1. During 20x1, 90,000 common shares were outstanding. Prepare a multiple-step income statement for the year ending December 31, 20xl. Some of the above accounts are not reported on the income statement. You must report the earnings per share