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

Interest revenue		$87,550		Accumulated depreciationequipment		$41,550
Cash		52,550		Accumulated depreciationbuildings		29,550
Sales revenue		1,381,550		Notes receivable		156,550
Accounts receivable		151,550		Selling expenses		195,550
Prepaid insurance		21,550		Accounts payable		171,550
Sales returns and allowances		151,550		Bonds payable		101,550
Allowance for doubtful accounts		8,550		Administrative and general expenses		98,550
Sales discounts		46,550		Accrued liabilities		33,550
Land		101,550		Interest expense		61,550
Equipment		201,550		Notes payable		101,550
Buildings		141,550		Loss from earthquake damage		151,550
Cost of goods sold		622,550		Common stock		501,550
				Retained earnings		22,550

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.)

SPLISH CORP. Income Statement

		$

:
	$

:

$