The following are selected ledger accounts of Bramble Corporation at December $31,2020.$

Cash $$214,600$ Salaries and wages expense $($sales$)$ $$329,440$

Inventory $620,600$ Salaries and wages expense $($office$)401,360$

Sales revenue $4,959,000$ Purchase returns $17,400$

Unearned sales revenue $135,720$ Sales returns and allowances $91,640$

Purchases $3,231,760$ Freight$-$in $83,520$

Sales discounts $39,440$ Accounts receivable $165,300$

Purchase discounts $31,320$ Sales commissions $96,280$

Selling expenses $80,040$ Telephone and Internet expense $($sales$)19,720$

Accounting and legal services $38,280$ Utilities expense $($office$)37,120$

Insurance expense $($office$)27,840$ Miscellaneous office expenses $9,280$

Advertising expense $62,640$ Rent revenue $278,400$

Delivery expense $107,880$ Casualty loss $($before tax$)$

$81,200$

Depreciation expense $($office equipment$)55,680$ Interest expense $204,160$

Depreciation expense $($sales equipment$)41,760$ Common stock $($$$10$ par$)624,960$

Bramble$$s effective tax rate on all items is $20\%.$ A physical inventory indicates that the ending inventory is $$686,000.$

Prepare a condensed $2020$ income statement for Bramble Corporation. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$