Sheffield Corporation had net sales of $2,430,000 and interest revenue of $31,200 during 2020. Expenses for 2020 were cost of goods sold $1,454,200, administrative expenses $218,700, selling expenses $291,300, and interest expense $52,700. Sheffield's tax rate is 30%. The corporation had 100,600 shares of common stock authorized and 73,460 shares issued and outstanding during 2020 Prepare a single-step income statement for the year ended December 31,2020 . (Round earnings per share to 2 decimal places, 1.48.)