The following information was taken from the records of Bridgeport Inc. for the year 2017: Income tax applicable to income from continuing operations $206,448; income tax applicable to loss on discontinued operations $27,336, and unrealized holding gain on available-for-sale securities (net of tax) $23,700.

Gain on sale of equipment		$97,700		Cash dividends declared		$139,500
Loss on discontinued operations		80,400		Retained earnings January 1, 2017		611,500
Administrative expenses		244,100		Cost of goods sold		933,800
Rent revenue		44,200		Selling expenses		277,800
Loss on write-down of inventory		60,600		Sales Revenue		1,981,600

Shares outstanding during 2017 were 109,300.

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