The following trial balance of the Petro Corp. at December 31 , has been adjusted,except that income tax expense has not yet been allocated. Other financial data for the year ended December 31 . 1. Income taxes: Tax rate on all types of income, 25%. 2. The gain from litigation settlement is a taxable gain and is considered unusual and infrequent. 3. Discontinued operations: On October 31, Petro sold its Plastics Division for $2,950,000, when the carrying amount was $2,800,000. For financial statement reporting, this sale was considered a disposal of a component of a business. 4. Capital structure: Common stock, $10 par, 215,000 weighted average shares outstanding. Required Prepare an income statement using the multiple-step format for the year ended December 31 , including the earnings per share disclosure