Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple$-$

step versus a single$-$step format. The discussion involves the following $2025$ information related to Blue Company $($ $$000$

omitted$).$

Administrative expense

$($a$)$

Your answer is partially correct.

Prepare an income statement for the year $2025$ using the multiple$-$step form. Common shares outstanding for $2025$

total $35,840(000$ omitted$).($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}48.$ Enter other revenue and gains before other

expenses and losses$)$