Sheffield Co. had sales revenue of $550,900 in 2020. Other items recorded during the year were:

Cost of goods sold		$325,700
Salaries and wages expense		127,600
Income tax expense		26,050
Increase in value of company reputation		17,540
Other operating expenses		12,050
Unrealized gain on value of patents		22,240

Prepare a single-step income statement for Sheffield for 2020. Sheffield has 100,700 shares of stock outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.)