The following selected information is taken from the records of Sel Tec Corporation. AACCOUNtSNDay.ab| Oni ei! mt setherensrisireites Gher. wll INGCOUNTSHRECCINADIOMs SRIMeer sp he ce ev ws /Neheeyaiisiinke) GS 4oVI NAG) 6 ir dead 4 ces eee cea cro te (1S | eee gE ry 2 ec eh a aig Seppe) oi yg SUM PILESTEXDE MSE eaemerern aiaceaa teas he nucle sic $ 25,000 49,000 7,500 15,500 23,000 Ronttexpenses Prise meet teqtemns cents $ 5,000 WhilitiesiexpenSetramewz. - skids bys perenne te eit 1,500 Income taxes (30% of income before taxes)..... 2 MiscellaneousiexpemSe) =cut am tiawa seis se ze 2,200 OWiners!Gquity-i ede ie crete irene yeh ene em neo 125,000 SalanieStexpemse) 3) see Ares ben oir ete 88,000 FESSAINE VSMCS) sabacwin: eee AR areca eterna) corte ele 242,000 1.

Prepare an income statement for the year ended December 31, 2003. (Assume that 5,000 shares of stock are outstanding.)2.

Explain what the EPS ratio tells the reader about Sel Tec Corporation.