The following information is related to Metlock Company for 2017.

Retained earnings balance, January 1, 2017		$991,170
Sales Revenue		26,105,600
Cost of goods sold		16,240,100
Interest revenue		80,400
Selling and administrative expenses		4,773,400
Write-off of goodwill		834,100
Income taxes for 2017		1,414,700
Gain on the sale of investments		112,500
Loss due to flood damage		391,900
Loss on the disposition of the wholesale division (net of tax)		455,800
Loss on operations of the wholesale division (net of tax)		88,660
Dividends declared on common stock		256,600
Dividends declared on preferred stock		83,940

Metlock Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Metlock sold the wholesale operations to Rogers Company. During 2017, there were 517,200 shares of common stock outstanding all year.

Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.)