You have been tasked with preparing the statement of income for Tulipe Company, a public company with 49,500 common shares outstanding. The board of directors has not yet determined whether they prefer the look of a single-step income statement, or a multi-step income statement. The following information has been provided for the year ended 20X9 (in millions of Canadian dollars):

Administrative expenses	$	1,457
Commissions expense		5,275
Cost of goods sold		48,670
Depreciation and amortization		6,830
Impairment of long-lived assets		320
Income tax expense		3,090
Interest expense		2,010
Interest income		2,104
Salaries expense		4,249
Sales		84,075
Selling expenses		3,630

Required: 1-a. Prepare an income statement for Tulipe for the year ended December 20X9 using Single-step income statement format.

1-b. Prepare an income statement for Tulipe for the year ended December 20X9 using Multi-step income statement format.

. Calculate basic earnings per share. (Round "Basic earnings per share" answers to 2 decimal places.)