The information below was taken from the ledger and other records of Stahl Metalworks Corp. at September 30, 2014.

Required
Prepare a single-step income statement, including earnings per share, for Stahl Metalworks Corp. for the fiscal year ended September 30, 2014. Evaluate income for the year ended September 30, 2014, in terms of the outlook for 2015. Assume 2014 was a typical year and that Stahl Metalworks Corp.'s managers hoped to earn income from continuing operations equal to 10 percent of net sales.

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Cost of goods sold $157,500 17,500 3,500 Preferred shares, $1.00 Loss on sale of property Sales returns 15,000 shares authorized, 7,500 shares issued and outstanding Income tax expense (saving) 93,750 Continuing operations.13,500 Retained earnings, Discontinued segment: October 1, 2013 30,500 Operating loss (1,800) Selling expenses. 600 Common shares, 50,000 shares authorized, issued 0,750 Gain on sale Gain on sale of discontinued and outstanding segment.1,750 Interest expense. General expense42,000 165,000 315,000 11,000 4,250Sales revenue Dividends 1,750 Operating loss ..1 5,250 discontinued segmet Loss on insurance settlement.. 4,000