The following details are extracted from the books of Spruce Technologies for the year ended March 31, 2023:

• Accounts receivable: $100,000
• Retained earnings, April 1, 2022: $375,000
• Loss on operation of discontinued operations (before tax): $130,000
• Sales revenue: $1,750,000
• Cost of goods sold: $900,000
• Selling expenses: $180,000
• Cash: $95,000
• Common shares (50,000 common shares outstanding): $350,000
• Dividend revenue: $22,000
• Inventory: $145,000
• Unearned revenue: $8,000
• Building: $480,000
• Interest expense: $28,000
• Administrative expenses: $200,000
• Bonds payable (maturity 2030): $230,000
• Accounts payable: $100,000
• Gain on disposal of discontinued operations (before tax): $190,000
• Depreciation expense: $65,000
• Loss on sale of property (before tax): $17,000

Spruce Technologies is subject to a 29% income tax rate.

Requirements:

1. Prepare a multiple-step income statement for Spruce Technologies for the year ended March 31, 2023.
2. Compute the earnings per share if needed.
3. Calculate the net profit margin.
4. Determine the operating income.