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Presented below is an income statement for Kinder Company for the year ended December 31, 2014. Kinder Company Income Statement For the Year Ended December

Presented below is an income statement for Kinder Company for the year ended December 31, 2014.

Kinder Company Income Statement For the Year Ended December 31, 2014
Net sales $804,290
Costs and expenses:
Cost of goods sold 553,300
Selling, general, and administrative expenses 67,640
Other, net 28,800
Total costs and expenses 649,740
Income before income taxes 154,550
Income taxes 46,365
Net income $108,185

Additional information:

1. "Selling, general, and administrative expenses" included a usual but infrequent charge of $7,380 due to a loss on the sale of investments.
2. "Other, net" consisted of interest expense, $11,690, and an extraordinary loss of $17,110 before taxes due to earthquake damage. If the extraordinary loss had not occurred, income taxes for 2014 would have been $51,498 instead of $46,365.
3. Kinder had 20,000 shares of common stock outstanding during 2014.

Using the single-step format, prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, e.g. $1.48.)

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