The following balances were taken from the books of Novak Corp. on December 31, 2020.

Interest revenue		$88,200		Accumulated depreciationequipment		$42,200
Cash		53,200		Accumulated depreciationbuildings		30,200
Sales revenue		1,382,200		Notes receivable		157,200
Accounts receivable		152,200		Selling expenses		196,200
Prepaid insurance		22,200		Accounts payable		172,200
Sales returns and allowances		152,200		Bonds payable		102,200
Allowance for doubtful accounts		9,200		Administrative and general expenses		99,200
Sales discounts		47,200		Accrued liabilities		34,200
Land		102,200		Interest expense		62,200
Equipment		202,200		Notes payable		102,200
Buildings		142,200		Loss from earthquake damage		152,200
Cost of goods sold		623,200		Common stock		502,200
				Retained earnings		23,200

Assume the total effective tax rate on all items is 20%. 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.)