Requirement: Please prepare a multiple-step income statemment for Malone Corporation in proper income statement format ?Must include the Earning per share?.

Malone Corporation's capital structure consists of 100,000 shares of common stock. At December 31, 2013 an analysis of the accounts and discussions with company officials revealed the following information: Sales Purchase discounts Purchases Earthquake loss Selling expenses Cash Accounts receivable Gain on disposal of business operation Accumulated depreciation Bad debt expense Inventory, January 1, 2013 Inventory, December 31, 2013 Preferred stock Patents Retained earnings, January 1, 2013 Write-down of inventory to lower-of-cost-or-market Notes payable (maturity 7/1/15) Machinery and equipment Dividend revenue Accounts payable 1,100,000 18,000 642,000 42,000 128,000 55,000 90,000 56,500 180,000 13,000 152,000 125,000 50,000 60,000 290,000 2,600 200,000 450,000 4,300 85,000 Depreciation expense selling Gain on sale of available-for-sale securities Accrued interest payable Common stock Dividends declared on preferred stock Allowance for doubtful accounts Materials and supplies Depreciation expense- administrative Unearned service revenue Amortization expense on patents Depreciation expense error (too small) from 2010 Prepaid Insurance ncome tax payabl Interest expense General and administrative expenses Dividends declared on common stock Land Freight-in 5,000 3,800 1,500 200,000 2,500 5,000 17,000 10,000 5,000 2,000 1,400 42,000 40,000 17,000 150,000 29,000 270,000 22,000 Malone's income tax rate is 30%