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

Interest revenue $88,050 Accumulated depreciationequipment $42,050 Cash 53,050 Accumulated depreciationbuildings 30,050 Sales revenue 1,382,050 Notes receivable 157,050 Accounts receivable 152,050 Selling expenses 196,050 Prepaid insurance 22,050 Accounts payable 172,050 Sales returns and allowances 152,050 Bonds payable 102,050 Allowance for doubtful accounts 9,050 Administrative and general expenses 99,050 Sales discounts 47,050 Accrued liabilities 34,050 Land 102,050 Interest expense 62,050 Equipment 202,050 Notes payable 102,050 Buildings 142,050 Loss from earthquake damage 152,050 Cost of goods sold 623,050 Common stock 502,050 Retained earnings 23,050

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.)

GROUPER CORP. Income Statement [Entry field with correct answer] December 31, 2017 For the Year Ended December 31, 2017 For the Quarter Ended December 31, 2017 EAT_1414587029224_1_1183836017270283 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_016 [Entry field with correct answer] Sales Revenue $ [Entry field with correct answer] 1382050 [Entry field with correct answer] Add Less res_EAT_1360146885003_0_8919554777091646_024 : [Entry field with correct answer] Sales Returns and Allowances $ [Entry field with correct answer] 152050 [Entry field with correct answer] Sales Discounts [Entry field with correct answer] 47050 [Entry field with correct answer] 199100 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_046 [Entry field with correct answer] 1182950 [Entry field with correct answer] Cost of Goods Sold [Entry field with correct answer] 623050 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_064 [Entry field with correct answer] 559900 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_089 [Entry field with correct answer] Selling Expenses [Entry field with correct answer] 196050 [Entry field with correct answer] Administrative Expenses [Entry field with correct answer] 99050 [Entry field with correct answer] 295100 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_113 [Entry field with correct answer] 264800 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_109 [Entry field with correct answer] Interest Revenue [Entry field with correct answer] 88050 [Entry field with correct answer] 352850 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_105 [Entry field with correct answer] Interest Expense [Entry field with correct answer] 62050 [Entry field with incorrect answer now contains modified data] Interest Revenue [Entry field with incorrect answer now contains modified data] 88050 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_139 [Entry field with incorrect answer now contains modified data] 191928 [Entry field with incorrect answer] Net Sales [Entry field with incorrect answer now contains modified data] [Entry field with incorrect answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Gross Profit / (Loss) Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_163 [Entry field with incorrect answer] 100353 [Entry field with correct answer] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_238 : [Entry field with incorrect answer now contains modified data] Other Expenses and Losses Dividends Earnings Per Share Expenses Other Revenues and Gains Income Before Income Tax Income From Operations Net Income / (Loss) Net Sales Operating Expenses Retained Earnings, January 1 Retained Earnings, December 31 Revenue Total Expenses res_EAT_1360146885003_0_8919554777091646_300 $ [Entry field with correct answer]