Presented below is information related to Crane Corp., for the year 2020.

Net sales		$6,045,000
Cost of goods sold		3,720,000
Selling expenses		294,500
Administrative expenses		217,000
Dividend revenue		93,000
Interest revenue		62,000
Interest expense		139,500
Write-off of goodwill due to impairment		232,500
Depreciation expense omitted in 2018		325,500
Dividends declared		372,000
Effect on prior years of change in accounting principle (credit)		682,000
Loss from operations of discontinued component of business		744,000
Gain from disposal of component of business		930,000
Federal tax rate of 30% on all items

Prepare a multiple-step income statement for 2020. Assume the 350,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, e.g. 5.25.)

INCOME STATEMENT Per share of common stock