Rutgers, Inc. has the following data for the year ended December 31, 2025:

Net sales	360,000
Loss on discontinued operations	30,000
Accounts Payable	$ 126,000
Cost of goods sold	195,000
Interest expense	13,000
Accounts receivable	96,000
Selling expenses	25,000
Dividends paid	18,750
Administrative expenses	65,000
Inventory	86,000

The company has average shares of capital stock outstanding of 10,000 for the year and a tax rate of 20% on all items.

Instructions: Prepare a properly formatted multiple-step income statement for Rutgers, Inc. for the year ended December 31, 2025. Be sure to include all earnings per share calculations that would be required