Sierra Corporation had sales revenue of $5,850,000 and investment revenue of $227,000 for the year ended December 31, 2020. Other items pertaining to 2020 were as follows:

Cost of goods sold ....................................................... $4,610,000

Salaries and wages expense (sales) ...........................      368,000

Advertising expense ....................................................      126,000

Entertainment expense ..............................................        78,000

Selling expenses ..........................................................      572,000

Salaries and wages expense (administrative) ..........      300,000

Rent expense ...............................................................      101,000

Utilities expense ..........................................................        44,000

Administrative expenses ............................................      445,000

Increase in value of company reputation ................        74,000

Unrealized gain on value of patents .........................        36,000

Interest expense .........................................................      160,000

Income tax expense ....................................................       84,000

Sierra has 100,000 common shares outstanding throughout the year. Prepare a single-step income statement showing expenses by nature. Include calculation of EPS.