The following is a partial trial balance for General Lighting Corporation as of December 31, 2018: Debits Credits 3,350,000 Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss from write-down of inventory due to obsolescence Selling expenses General and administrative expenses Interest expense 100,000 32,500 1,390,000 400,000 500,000 250,000 99,000 300,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been recorded. The income tax rate is 40%. Required: 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EP S answers to decimal places.) GENERAL L ING CORPORATION Income Statement For the Year Ended December 31, 2016 Earnings per share