The following balances were taken from the books of Ayayai Corp. on December 31, 2017.

Interest revenue		$87,050		Accumulated depreciationequipment		$41,050
Cash		52,050		Accumulated depreciationbuildings		29,050
Sales revenue		1,381,050		Notes receivable		156,050
Accounts receivable		151,050		Selling expenses		195,050
Prepaid insurance		21,050		Accounts payable		171,050
Sales returns and allowances		151,050		Bonds payable		101,050
Allowance for doubtful accounts		8,050		Administrative and general expenses		98,050
Sales discounts		46,050		Accrued liabilities		33,050
Land		101,050		Interest expense		61,050
Equipment		201,050		Notes payable		101,050
Buildings		141,050		Loss from earthquake damage		151,050
Cost of goods sold		622,050		Common stock		501,050
				Retained earnings		22,050

Assume the total effective tax rate on all items is 34%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.)