Presented below is pre-tax financial information of the Mickey Corporation for 20X8.

Cost of goods sold..........................................................................	21,000,000
Dividends declared on common stock.....................................	230,000
Dividends declared on preferred stock.....................................	80,000
Gain on the sale of investments (normal recurring).............	110,000
Interest revenue.................................................................................	70,000
Loss due to flood damage (unusual & infrequent)................	312,500
Loss on disposal of retail division..............................................	750,000
Loss on operations of retail division.........................................	1,150,000
Sales .....................................................................................................	30,000,000
Selling and administrative expenses............................................	5,500,000
Write-off of goodwill......................................................................	520,000
Federal income tax rate for 20X8................................................	40.0%

Mickey Corporation decided to discontinue its retail operations and to retain its manufacturing operations. On August 15, Mickey sold the retail operations to Schoen Company. During 2008, there were 250,000 shares of common stock outstanding all year.

Required:

Prepare a multiple-step income statement for the year 20X8 and be sure to include earnings per share.