The accountant of Sunland Shoe Co. has compiled the following information from the companys records as a basis for an income statement for the year ended December 31, 2020.

Rent revenue		$31,200
Interest expense		20,200
Market appreciation on land above cost		33,200
Salaries and wages expense (selling)		117,000
Supplies expense (selling)		19,800
Income tax		25,300
Salaries and wages expense (administrative)		138,100
Other administrative expenses		53,900
Cost of goods sold		498,200
Net sales		982,200
Depreciation on plant assets (70% selling, 30% administrative)		67,200
Cash dividends declared		18,200

There were 20,000 shares of common stock outstanding during the year.

Prepare a single-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.)