The trial balance of Lakewood Inc. included the following accounts as of December 31, 2021: Sales revenue Interest revenue Gain on sale of investments Cost of goods sold Selling expense Loss on inventory write-down Debits Credits 2,200,000 88,000 58,000 1, 420, 000 260,000 38,000 Interest expense General and administrative expense 48,000 158,000 Lakewood Inc. had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a multiple-step income statement with earnings per share disclosure.(Amounts to be deducted should be indicated with a minus sign. Round Earnings per share answer to 2 decimal places.) LAKEWOOD INC. Income Statement For the Year Ended December 31, 2021 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense): Total other income, net Income before income taxes Net income (loss) Earnings per share