Presented below is information related to XYZ Corp at December 31, 2018

Cash $60,000

Sales revenue 775,000

Cost of goods sold 350,000

Selling and administrative expenses 125,000

Gain on sale of plant assets 75,000

Unrealized gain on available-for-sale investments 25,000

Interest expense 15,000

Loss on discontinued operations (net of income tax) 30,000

Tax rate 20%

Common dividends declared and paid 12,000

Preferred dividends declared and paid 10,000

Weighted average common shares outstanding 100,000

1a) Prepare a multi step income statement

1b) provide appropriate earnings per share information