The Beemer Book Company's accounting records include the following for $2021($in thousands$)$:

$($Click the icon to view the accounting records.$)$

Requirement $1.$ Prepare Beemer Book Company's single$-$step income statement for the year ended December $31,2021,$ including earnings per share $($EPS$).$ Beemer had $1,000,000$ shares of common stock and no preferred stock outstanding during the year. $($Round earnings per share amounts to the nearest cent.$)$

Beemer Book Company

Income Statement

Year Ended December $31,2021$

$($In thousands except per share amounts$)$

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Earnings per share $($EPS$)$

Reqquirements

Prepare Beemer Book Company's single$-$step income statement for the year ended December $31,2021,$ including earnings per share $($EPS$).$ Beemer had $1,000,000$ shares of common stock and no preferred stock outstanding during the year.

Assume Beemer Book Company's income from operations indicates that its core business has steadily increasing by about $10\%$ per year over the past three years and that none of its operations have been discontinued. What does this say about the quality of the company's earnings?

Data table

$\backslash$table$[[$Other revenues,$2,100],[$Income tax expense,$7,740],[$Sales revenue,$126,000],[$Total operating expenses,$102,300]]$