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

Interest revenue		$87,950		Accumulated depreciationequipment		$41,950
Cash		52,950		Accumulated depreciationbuildings		29,950
Sales revenue		1,381,950		Notes receivable		156,950
Accounts receivable		151,950		Selling expenses		195,950
Prepaid insurance		21,950		Accounts payable		171,950
Sales returns and allowances		151,950		Bonds payable		101,950
Allowance for doubtful accounts		8,950		Administrative and general expenses		98,950
Sales discounts		46,950		Accrued liabilities		33,950
Land		101,950		Interest expense		61,950
Equipment		201,950		Notes payable		101,950
Buildings		141,950		Loss from earthquake damage		151,950
Cost of goods sold		622,950		Common stock		501,950
				Retained earnings		22,950

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.)