The following data is from the records of Roland Carlson Inc. for the year ended December 31, 2020. Gain on sale of equipment $ 95,000 Loss on discontinued operations 75,000 Cost of goods sold 850,000 Gain on sale of available-for-sale securities 40,000 Sales revenue 1,900,000 Selling expenses 300,000 Income tax expense 187,000 Dividends declared (common) 90,000 Common stock, January 1 210,000 Dividends declared (preferred) 40,000 Retained earnings January 1, 2020 600,000 General and administrative expenses 240,000 Unrealized gain on available-for-sale securities 20,000 Loss on write-down of inventory to NRV 60,000 Income taxes attributed to unrealized gain 5,000 Income taxes related to discontinued operations 25,000 Paid-in capital in excess of par value, January 1 90,000 Accumulated other comprehensive income, January 1 $ 73,000 Common stock outstanding (shares) 100,000 Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places