Problem 8 The trial balance of Hunter Inc. included the following accounts as of December 31, 2017: Sales revenue Interest revenue Gain on sale of investments Loss on expropriated foreign assets (event Debits Credits 1,800,000 80,000 50,000 is unusual, infrequent and material) Cost of goods sold Selling expenses Write-off of obsolete equipment Restructuring costs Interest expense General and administrative expenses 300,000 1,100,000 220,000 30,000 150,000 40,000 50,000 Hunter Inc. had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%. Prepare a single-step income statement with basic earnings per share disclosure