The information below was taken from the ledger and other records of Make a Statement Inc. at September 30, 2014.

Required
Prepare a single-step income statement, including earnings per share, for Make a Statement Inc. 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 Make a Statement's managers hoped to earn income from continuing operations equal to 12 percent of net sales.

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l expenses.... $220,000 Sales revenue $1,000,000 Loss on sale of Operating income, discontinued discontinued segment 18,000 8,000 Cost of goods sold Income tax expense (saving) ...5 0,000 Loss on sale of property plant, and equipment 5,000 Continuing operations.44,000 Dividends on preferred Discontinued segment: shares 12,500 Operating income....2,000 Preferred shares, $0.50, cumulative Loss on sale (6,000) 27,000 50,000 shares authorized, 25,000 shares issued Interest expense Gain on settlement of and outstanding Dividends on common 350,000 lawsuit Sales returns Contributed surplus from 27,000 23,000 shares 25,000 Retained earnings, October 1, 2013. 18,000 Selling expenses. shares 33,000 7,000 Common shares, unlimited shares authorized, 40,000 shares issued