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 Carla Company ($000 omitted).

Administrative expense
Officers' salaries		$4,990
Depreciation of office furniture and equipment		4,050
Cost of goods sold		60,660
Rent revenue		17,320
Selling expense
Delivery expense		2,780
Sales commissions		8,070
Depreciation of sales equipment		6,570
Sales revenue		96,590
Income tax		9,160
Interest expense		1,950

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

Prepare an income statement for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)