The following are selected ledger accounts of Blossom Corporation at December 31, 2025. Cash $247,900 Salaries and wages expense (sales) $380,560 Inventory 716,900 Salaries and wages expense (office) 463,640 Sales revenue 5,728,500 Purchase returns 20,100 Unearned sales revenue 156,780 Sales returns and allowances 105,860 Purchases 3,733,240 Freight-in 96,480 Sales discounts 45,560 Accounts receivable 190,950 Purchase discounts 36,180 Sales commissions 111,220 Selling expenses 92,460 Telephone and Internet expense (sales) 22,780 Accounting and legal services 44,220 Utilities expense (office) 42,880 Insurance expense (office) 32,160 Miscellaneous office expenses 10,720 Advertising expense 72,360 Rent revenue 321,600 Delivery expense 124,620 Casualty loss (before tax) 93,800 Depreciation expense (office equipment) 64,320 Interest expense 235,860 Depreciation expense (sales equipment) 48,240 Common stock ($10 par) 636,250 Blossom's effective tax rate on all items is 20%. A physical inventory indicates that the ending inventory is $686,000. Prepare a condensed 2025 income statement for Blossom Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.) Net Sales Cost of Goods Sold Gross Profit BLOSSOM CORPORATION Income Statement For the Year Ended December 31, 2025 Selling Expenses 852240 i Administrative Expenses 657940 Income from Operations Rent Revenue Interest Expense Income before Income Tax Income Tax Retained Earnings, December 31 Earnings per Share 321600 235860 +A 69 5577080 3804340 1772740 1510180 262560 278656 75040 353696 4.10