Two accountants, Yuan Tsui and Sergio Aragon, are arguing about the merits of presenting an income statement in the multiple-step versus the single-step format. The discussion involves the following 2023 information for S. Sandhill Company (in thousands): Administrative expenses Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rental revenue $3,600 2,660 57,660 15,820 Selling expenses Delivery Sales commissions Depreciation of sales equipment Sales revenue Interest expense Common shares outstanding for 2023 total 30,000. Income tax for the year was $10,894. $2,160 9,000 6,530 98,000 1,950

Two accountants, Yuan Tsui and Sergio Aragon, are arguing about the merits of presenting an income statement in the multiple-step versus the single-step format. The discussion involves the following 2023 information for S. Sandhill Company (in thousands): Common shares outstanding for 2023 total 30,000 . Income tax for the year was $10,894. Prepare an income statement for the year ended December 31,2023, using the multiple-step format. Include calculation of EPS. (List other revenues and gains before other expenses and losses, List Selling Expenses before Administrative Expenses, Round per share answer to 2 decimal places, eg. 52.75 .)