At the end of 2012, vandals destroyed your financial records. Fortunately, the controller had kept certain statistical data related to the income statement, as follows:
(a) Cost of goods sold was $2 million.
(b) Administrative expenses were 20% of the cost of sales but only 10% of sales.
(c) Selling expenses were 150% of administrative expenses.
(d) Bonds payable were $1 million, with an average interest rate of 11%.
(e) The tax rate was 48%
(f) 50,000 shares of common stock were outstanding for the entire year.

Required
From the information given, reconstruct a multiple- step income statement for the year. Include earnings per share.