Read the requirements. Requirement 1. Prepare Grainger Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Grainger had 1,000,000 shares of common stock and no preferred stock outstanding during the year. (Round earnings per share amounts to the nearest cent.) Grainger Book Company Income Statement Year Ended December 31, 2018 (In thousands except per share amounts) Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check Answer co 70 x i Data Table 3 Other revenues. 2,000 nt: Income tax expense. 7,410 Sales revenue. 125,000 Total operating expenses 102,300 Print Done x i Reqquirements 1. Prepare Grainger Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Grainger had 1,000,000 shares of common stock and no preferred stock outstanding during the year. 2. Assume Grainger Book Company's income from operations indicates that its core business has steadily increasing by about 10% per year over the past three years and that none of its operations have been discontinued. What does this say about the quality of the company's earnings? Print Done