The following are selected items derived from Dibb Company's adjusted trial balance on December 31, 2016:

Loss on sale of land	$4200
Cost of goods sold	$174000
Sales (net)	$255900
Operating expenses	$47700

12000 shares of common stock were outstanding the entire year.

Required:

Assuming a 30% income tax rate on all items of income, prepare a 2016income statement for Dibb's Company using a multiple-step format. Round earnings per share computations to two decimal places.

Assuming a 30% income tax rate on all items of income, prepare a 2016 income statement for Dibb's Company using a single-step format. Round earnings per share computations to two decimal places.