The Farmer Book Company's accounting records include the following for 2018 (in thousands) EEE (Click the icon to view the accounting records.) Read the requirements Requirement 1. Prepare Farmer Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS) Farmer 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.) Farmer Book Company Income Statement Year Ended December 31, 2018 (In thousands except per share amounts) Sales revenue Other revenues Total revenue Total operating expenses Income tax expense 127,000 1.400 128,400 105,100 6,990 Earnings per share (EPS) Net income Data Table 1 Other revenues. Income tax expense Sales revenue. Total operating expenses S 1,400 6,990 127,000 105,100 Print Done 1 Reqquirements Prepare Farmer Book Company's single-step income statement for the year ended December 31, 2018, including earnings per share (EPS). Farmer had 1,000,000 shares of common stock and no preferred stock o 1. g during the year. 2. Assume Farmer 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 ts operations have been discontinued. What does this say about the quality of the company's earnings? Print Done