The following information was taken from the records of Crane Inc. for the year 2017: Income tax applicable to income from continuing operations $219,198; income tax applicable to loss on discontinued operations $27,812, and unrealized holding gain on available-for-sale securities (net of tax) $21,700 Gain on sale of equipment Loss on discontinued operations Administrative expenses Rent revenue Loss on write-down of inventory $97,300 81,800 247,300 48,800 69,500 Cash dividends declared Retained earnings January 1, 2017 Cost of goods sold Selling expenses Sales Revenue $151,300 594,000 843,300 304,200 1,962,900 Shares outstanding during 2017 were 97,500 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) CRANE INC