The following are selected ledger accounts of Swifty Corporation at December 31, 2017.

Cash		$186,850		Salaries and wages expense (sales)		$285,850
Inventory		536,850		Salaries and wages expense (office)		347,850
Sales revenue		4,276,850		Purchase returns		16,850
Unearned sales revenue		118,850		Sales returns and allowances		80,850
Purchases		2,787,850		Freight-in		73,850
Sales discounts		35,850		Accounts receivable		144,350
Purchase discounts		28,850		Sales commissions		84,850
Selling expenses		70,850		Telephone and Internet expense (sales)		18,850
Accounting and legal services		34,850		Utilities expense (office)		33,850
Insurance expense (office)		25,850		Miscellaneous office expenses		9,850
Advertising expense		55,850		Rent revenue		241,850
Delivery expense		94,850		Casualty loss (before tax)		71,850
Depreciation expense (office equipment)		49,850		Interest expense		177,850
Depreciation expense (sales equipment)		37,850		Common stock ($10 par)		901,850

Swiftys effective tax rate on all items is 34%. A physical inventory indicates that the ending inventory is $687,850. Prepare a condensed 2017 income statement for Swifty Corporation. (Round earnings per share to 2 decimal places, e.g. 1.48.)