The financial statements of Pinewood Holdings for the year ending December 31, 2023, include the following information:

• Accounts receivable: $115,000
• Retained earnings, January 1, 2023: $400,000
• Loss on operation of discontinued operations (before tax): $115,000
• Sales revenue: $1,650,000
• Cost of goods sold: $870,000
• Selling expenses: $175,000
• Cash: $92,000
• Common shares (70,000 common shares outstanding): $340,000
• Dividend revenue: $24,000
• Inventory: $140,000
• Unearned revenue: $8,500
• Building: $460,000
• Interest expense: $28,000
• Administrative expenses: $190,000
• Notes payable (maturity 2027): $230,000
• Accounts payable: $95,000
• Gain on disposal of discontinued operations (before tax): $180,000
• Depreciation expense: $65,000
• Loss on sale of equipment (before tax): $17,000

Pinewood Holdings is subject to a 29% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Pinewood Holdings for the year ended December 31, 2023.
2. Compute the earnings per share if needed.
3. Calculate the net profit margin.
4. Determine the income from continuing operations.