The financial records of Sheridan inc were destroyed by fine at the enth of 2025 , Fortunately, the controller had kapt certainstatistical data related to the incorne statement as follows. 1. The beginning merchandise inventory was $106,720 and decreased 205 during the current year. 2. Sales discounts amount to $17,340. 3. 20,986 shares of common stock were outstanding for the entire year. 4. Interest expense was $22.800. 5. The income tax rate is 30%. Q. Cost of goods sold anvounte to 5500,000 7. Adineistrative expenses are zosic of cost of goods sod but cnly ax of gross sales. 1. Four-fitths of the operatins expenses relate to sales activities From the foregoing information prepare an hicome statement for the year 2025 in singlestep form fround earningr per shore to 2 decinal ploces, es 1.4a)