The following information is available for Marin Inc. for the year ended December 31, 2017:

Loss on discontinued operations		$75,000		Retained earnings January 1, 2017		$1,240,000
Rent revenue		87,000		Selling expenses		861,000
Income tax applicable to continuing operations		296,000		Income tax applicable to loss on discontinued operations		28,000
Administrative expenses		512,000		Cost of goods sold		1,674,000
Loss on write-down of inventory		35,000		Sales revenue		3,725,000
Gain on sale of equipment		37,000		Cash dividends declared		221,000
Unrealized gain on available-for-sale securities		32,000		Interest expense		51,000

200,000 shares were outstanding during all of 2017.

Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.45.) Marin Inc. Income Statement For the Year Ended December 31, 2017 Sales Revenue $ 3725000 Cost of Goods Sold 1674000 Gross Profit 2051000 Operating Expenses Selling Expenses ta 861000 Administrative Expenses 512000 1373000 Income from Operations 678000 Other Revenues and Gains Rent Revenue 87000 Gain on he Sale of Equipment 37000 124000 Other Expenses and Losses Interest Expense 51000 Inventory Loss 35000 86000 Income from Continuing Operations Before Income Tax 716000 Income Tax 296000 Income from Continuing Operations V 420000 Discontinued Operations Loss on Discontinued Operations 75000 Less Income Tax 28000 47000 373000 Net Income / (Loss) Per share of common stock: Income from Continuing Operations Loss on Discontinued Operations Net Income / (Loss)