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

Interest revenue		$87,800		Accumulated depreciationequipment		$41,800
Cash		52,800		Accumulated depreciationbuildings		29,800
Sales revenue		1,381,800		Notes receivable		156,800
Accounts receivable		151,800		Selling expenses		195,800
Prepaid insurance		21,800		Accounts payable		171,800
Sales returns and allowances		151,800		Bonds payable		101,800
Allowance for doubtful accounts		8,800		Administrative and general expenses		98,800
Sales discounts		46,800		Accrued liabilities		33,800
Land		101,800		Interest expense		61,800
Equipment		201,800		Notes payable		101,800
Buildings		141,800		Loss from earthquake damage		151,800
Cost of goods sold		622,800		Common stock		501,800
				Retained earnings		22,800

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.)