The trial balance of Lakewood Incorporated included the following accounts as of December 31, 2024:

	Debits	Credits
Sales revenue		$ 1,800,000
Interest revenue		80,000
Gain on sale of investments		50,000
Cost of goods sold	$ 1,100,000
Selling expense	220,000
Loss on inventory write-down	30,000
Interest expense	40,000
General and administrative expense	200,000

Lakewood Incorporated 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 single-step income statement with earnings per share disclosure.