Use this information to answer the following questions :

Denver Co$.12/31/20$x$2$

Partial Trial Balance Data

Debits Credits

Sales revenue

Interest revenue

Salary payable

Gain on sale of land

Patent

Supply inventory

Cost of goods sold

Salary expenses

Common stock

Retained earnings

Cash

$250,000$

$700,000$

$60,000$

$15,000$

$110,000$

Office expense

$15,000$

$25,000$

$500,000$

$150,000$

$250,000$

$100,000$

Denver's business segment, Division A$,$ was sold at a pretax loss of $25,000$ on July $1,20$x$2.$ It had earned a $$53,000$ pretax operating income from January $1,202$ to the disposal date. Denver had $50,000$ shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is $30\%.$

$22.$ Prepare a multiple$-$step income statement with earnings per share disclosure.