Use this information to answer the following questions:

The trial balance of Rolling Stones Inc. included the following accounts as of December 31, 2018:

Debits Credits

Sales revenue 5,900,000

Interest revenue 40,000

Loss on sale of investments 10,000

Unrealized holding losses on investments 150,000 (on available-for-sales security)

Foreign currency translation adjustment 260,000

Cost of goods sold 4,400,000

Selling expenses 400,000

Restructuring costs 180,000

Interest expense 20,000

General and administrative expenses 300,000

Rolling Stones had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 40%.

Required: Prepare a 2018 multiple-step income statement for Rolling Stones Inc. with earnings per share disclosure. No credit for a single-step income statement.