The financial records of Nash Inc. were destroyed by fire at the end of $2025.$ Fortunately the controller had kept certain statistical related to the income statement as presented below.

The beginning merchandise inventory was $$191,200$ and decreased $20\%$ during the current year.

Sales discounts amount to $$25,000.$

$20,000$ shares of common stock were outstanding for the entire year.

Interest expense was $$25,000.$

The income tax rate is $30\%.$

Cost of goods sold amounts to $$1,020,000.$

Administrative expenses are $20\%$ of cost of goods sold but only $8\%$ of gross sales.

Four$-$fifths of the operating expenses relate to sales activities. Operating expenses consist of selling and administrative expenses.

From the foregoing information, prepare an income statement for the year $2025$ in single$-$step form. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.)$