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 $ 58,200 49,900 1,400 34,700 $ 13,500 3,900 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; 32,800 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 1,000 21,400 0 1,000 32,100 32,800 4,300 6,700 11,300 105,400 32,500 18,200 7,400 700 $218,200 $218,200 Required: Complete the financial statements as follows: a. Classified (multiple-step) income statement for the reporting year ended March 31, 2019. Include income tax expense, assuming a 25 percent tax rate. (Round your "Earnings per share" to 2 decimal places.) JORDAN SALES COMPANY Income Statement At March 31, 2019 Sales revenue Cost of goods sold Gross profit Operating expenses: Operating expenses Depreciation expense Total operating expenses Income from operations Interest expense Accumulated depreciation, office equipment Income before income taxes Income tax expense Net income Earnings per share