Presented below is information that relates to Oriole Limited for 2023: Collections of Accounts Receivable $1,166,000 Retained Earnings, January 1, 2023 Retained Earnings, January 1, 2023 Additional information: 1. Early in 2023, Oriole changed depreciation methods for its plant assets from the double-declining-balance to the straight-li method. The affected assets were purchased at the beginning of 2018 for $212,000, had no residual value, and had useful lives of 10 years. Depreciation expense of $16,960 is included in the selling and administrative expenses of $307,400. 2. On September 1, 2023, Oriole sold one of its segments (product line) to Best Industries for a gain (pre-tax) of $583,000. During the period January 1 to August 31 , the discontinued segment incurred an operating loss (pre-tax) of $508,800. This loss is not included in any of the numbers shown above. 3. Included in selling and administrative expenses are credit losses of $20,140. Oriole bases its credit losses upon a percentag of sales. In 2021 and 2022 , the percentage was 0.50%. In 2023 , the percentage was changed to 1%. In good form, prepare a multiple-step income statement for 2023. Assume a 20% income tax rate and that 16,960 common shares were outstanding during the year. (Round earnings per share answers to 2 decimal places, e.g. 5.75.)