The following information for Decher Automotives covers the year ended 2012:

Required
a. Prepare a multiple-step income statement.
b. Assuming that 100,000 shares of common stock are outstanding, calculate the earnings per share before extraordinary items and the net earnings per share.
c. Prepare a single-step income statement.

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Administrative expense Dividend income Income taxes Interest expense Merchandise inventory, 1/1 Merchandise inventory, 12/31 Flood loss (net of tax) Purchases Sales Selling expenses $ 62,000 10,000 $ 100,000 20,000 650,000 440,000 30,000 460,000 1,000,000 43,000