The following information for Decher Automotives covers the year ended Dec. 31, 2012:

Administrative expense$ 62,000

Dividend income10,000

Income taxes 100,000

Interest expense20,000

Merchandise inventory, 1/1650,000

Merchandise inventory, 12/31 440,000

Flood loss (net of tax)30,000

Purchases of inventory460,000

Sales1,000,000

Selling expenses43,000

Retained earnings, 1/1150,000

Dividends70,000

Owners' capital, 1/1450,000

Required

(a)write a multiple-step income statement. (Note: you need to computer income before taxes and extraordinary items, and income before extraordinary items.)

(b). Assuming that 100,000 shares of common stock are outstanding, calculate the earnings per share before extraordinary items and the net earnings per share.

(c). Compute the retained earnings at Dec. 31, 2012.