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 Oriole Company ( $000 omitted). Prepare an income statement for the year 2025 using the multiple-step form. Common shares outstanding for 2025 total 30,170 (000 omitted). (Round earnings per share to 2 decimal places, e.g. 1.48. Enter other revenue and gains before other expenses and losses) ORIOLE COMPANY Income Statement For the Year Ended December 31, 2025 (In thousands, except earnings per share) Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Delivery Expense Sales Commission Depreciation Expense Total Selling Expenses Administrative Expenses Officers' Salaries Depreciation Expense Total Administrative Expenses Income from Operations Other Revenues and Gains Rent Revenue Other Expenses and Losses $ 3382 $ Interest Expense Administrative Expenses Officers' Salaries Depreciation Expense Total Administrative Expenses Income from Operations Other Revenues and Gains Rent Revenue Other Expenses and Losses Interest Expense Income before Income Tax Income Tax Net Income / (Loss) Earnings per Share $ 19226 10244