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 2017 information related to Indigo Company ($000 omitted).

Administrative expense

Officer's salaries $5,587

Depreciation of office furniture and equipment $4,647

Cost of goods sold $61,257

Rent revenue $17,917

Selling expense

Delivery expense $3,377

Sales commission $8,667

Depreciation of sales equipment $7,167

Sales revenue $97,187

Income tax $9,757

Interest expense $2,547

Common shares outstanding for 2017 total 40,550 (000 omitted).

Prepare a income statement for the year 2017 using the multiple-step form. (round earnings per share to 2 decimal places)