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Presented below is an income statement for Oriole Company for the year ended December 31, 2020. Oriole Company Income Statement For the Year Ended December

Presented below is an income statement for Oriole Company for the year ended December 31, 2020.

Oriole Company Income Statement For the Year Ended December 31, 2020
Net sales $818,000
Costs and expenses:
Cost of goods sold 568,000
Selling, general, and administrative expenses 67,000
Other, net 41,000
Total costs and expenses 676,000
Income before income taxes 142,000
Income taxes 42,600
Net income $99,400

Additional information:

1. "Selling, general, and administrative expenses" included a usual but infrequent charge of $6,100 due to a loss on the sale of investments.
2. "Other, net" consisted of interest expense, $11,000, and a discontinued operations loss of $30,000 before taxes. If the discontinued operations loss had not occurred, income taxes for 2020 would have been $51,600 instead of $42,600.
3. Oriole had 20,000 shares of common stock outstanding during 2020.

Using the single-step format, prepare a corrected income statement, including the appropriate per share disclosures.

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