1. Roland Carlson: disc ops, unr gains/losses on trading securities [R/E]

The following data is from the records of Roland Carlson Inc. for the year ended December 31, 2024.

Cost of goods sold	$ 850,000
Sales revenue	1,900,000
Sales discounts	30,000
General and administrative expenses	240,000
Gain on sale of available-for-sale securities	95,000
Gain on sale of discontinued operations	75,000
Income taxes attributed to discontinued operations	25,000
Loss on sale of building	40,000
Loss on write-down of inventory to NRV	6,000
Unrealized loss on trading securities	47,000
Income tax expense	187,000
Dividends declared (common stock)	90,000
Dividends declared (preferred stock)	$ 40,000
Common stock outstanding	1,600,000 shares

• The company disposed of the discontinued operations component during the year, and the disposal represented a deliberate strategic shift which had a material effect on the companys operations.

Instructions: Prepare a multiple-step income statement.Round earnings per share to 2 decimal places.