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Presented below is an income statement for Kinder Company for the year ended December 31, 2017. Kinder Company Income Statement For the Year Ended December

Presented below is an income statement for Kinder Company for the year ended December 31, 2017.

Kinder Company Income Statement For the Year Ended December 31, 2017
Net sales $ 780,810
Costs and expenses:
Cost of goods sold 579,800
Selling, general, and administrative expenses 77,590
Other, net 27,550
Total costs and expenses 684,940
Income before income taxes 95,870
Income taxes 28,761
Net income $ 67,109

Additional information:

1. "Selling, general, and administrative expenses" included a usual but infrequent charge of $ 6,200 due to a loss on the sale of investments.
2. "Other, net" consisted of interest expense, $ 10,100, and discontinued operations loss of $ 17,450 before taxes. If the discontinued operations had not occurred, income taxes for 2017 would have been $ 33,996 instead of $ 28,761.
3. Kinder had 20,000 shares of common stock outstanding during 2017.

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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