Thayer Corporation provides online and hardcopy resources for homeschoolers in grades preK-12. Each grade level is considered a separate division. Thayer Corporation's capital structure consists of 150,000 shares of $1 par common stock authorized, issued, and outstanding. The accountant for Thayer compiled the following partial list of account balances (all normal balances) at December 31, 2022: Sales revenue Loss on operations of PreK Division Gain on disposal of PreK Division Selling expenses Cash Accounts receivable Common stock Cost of goods sold Accumulated depreciation-Building Dividend revenue Uneamed service revenue $3,500,000 60.000 30,000 530,000 60,000 20,000 150,000 1,250,000 180.000 5,000 14.000 Interest payable 1,000 Building 2,000,000 Patents 100,000 Retained earnings, January 1, 2022 150,000 Interest expense 15.000 Administrative expenses 370,000 Notes payable (maturity 7/1/23) 200,000 Machinery Inventory 450,000 640,000 Accounts payable 160,000 Thayer Corporation decided to discontinue its PreK Division. On July 1, Thayer sold the PreK Division to ABC Mouse. The income tax rate is 20%. REQUIRED: On the following page, prepare in good form the multiple-step income statement for Thayer Corporation, including the per share amounts.