Precision Corporation has been a leading supplier of magnetic storage disks for three years. Following are the results of Precision’s operations for 2003. Sales revenue.......... $68,000 Advertising expense ..... 1,530 IncomestaxXeSiar aa eee 4,360 Delivery expense........ 480 Packaging expense ...... 355 Salaries expense........ 18,350 Supplies expense ....... 8,410 EPS = $3.45 1. Prepare an income statement for the year ended December 31, 2003. 2. How many shares of stock were outstanding?