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 $ 58,000 49,000 1,000 34,000 $ 14,000 3,000 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; 33,000 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 $500 on office equipment) Interest expense Income tax expense (not yet computed) Totals 1,000 22,000 0 2,000 33,000 33,000 5,000 7,500 10,500 99,000 33,000 19,000 8,000 1,000 $ 216,500 $216,500 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 0 Total operating expenses Income from operations Earnings per share