The following information is available for Norman Corporation for the year ended December 31, 2017: sales revenue $700,000, other revenues and gains $92,000, operatin expenses $110,000, cost of goods sold $465,000, other expenses and losses $32,000, and preferred stock dividends $30,000. The company's tax rate was 30%, and it had 50,000 shares outstanding during the entire year. Instructions (a) Prepare a corporate income statement. (b) Calculate earnings per share