The following information is provided for Aylmer Inc at December 31, 2020:
Rental Revenue			18,500		Administrative Expenses			7,260
Cost of Goods Sold			85,700		Accounts Payable			32,600
Selling Expenses			75,690		Interest Expense			1,640
Retained Earnings, January 1, 2020			52,000		Dividends declared and paid			12,000
Outstanding Common Shares			30,000		Accounts Receivable			25,400
Sales Revenue			300,500
Income tax expense			19,000
Additional information - in 2020, there was a correction for understatement of net income in a prior year (after tax) of									16,000
1	In good form, prepare a single-step income statement at December 31, 2020.
2	Calculate the earnings per share.
3	In good form, prepare the statement of retained earnings at December 31, 2020.