Required information [The following information applies to the questions displayed below.] Jordan Sales Company (organized as a corporation on April 1, 2017) has completed the accounting cycle for the second year, ended March 31, 2019. Jordan also has completed a correct trial balance as follows: Credit Debit $ 58, 600 49,000 1,500 34, 800 $ 13, 100 3, 200 JORDAN SALES COMPANY Trial Balance At March 31, 2019 Account Titles Cash Accounts receivable Office supplies inventory Automobiles (company cars) Accumulated depreciation, automobiles Office equipment Accumulated depreciation, office equipment Accounts payable Income taxes payable Salaries and commissions payable Note payable, long-term Capital stock (par $1; 32, 300 shares) Paid-in capital Retained earnings (on April 1, 2018) Dividends declared and paid during the current year Sales revenue Cost of goods sold Operating expenses (detail omitted to conserve time) Depreciation expense (on autos and including $600 on office equipment) Interest expense Income tax expense (not yet computed) Totals 1,300 21, 200 0 1,100 32, 900 32, 300 4,400 7,200 11, 200 104, 400 32, 400 18,500 7, 800 900 $ 217,900 $217, 900 a. Classified (multiple-step) income statement for the reporting year ended March 31, 2019. Include income tax expense, assuming a 30 percent tax rate. (Round your "Earnings per share" to 2 decimal places.) $ JORDAN SALES COMPANY Income Statement For the Year Ended March 31, 2019 Sales revenue Cost of goods sold Gross profit Operating expenses: Operating expenses $ 18,500 Depreciation expense 7,8001 104,400 32,400 72,000 26,300 Total operating expenses Income from operations Interest expense Earnings per share