5. Ivan Calderon: disc ops, PPA Presented below is information related to Ivan Calderon Corp. for the year ended December 31, 2021. Net sales Cost of goods sold Selling expenses General expenses Administrative expenses Dividend revenue Interest revenue Restructuring charge $1,300,000 Loss on sale of intangible assets 750,000 Unrealized gain on trading securities 45,000 Loss on discontinued operations 50,000 Selling expenses understatement in 2020 47,000 Common dividends declared $ 20,000 Preferred dividends declared 7,000 Income tax rate 40,000 Common stock outstanding $ 5,000 15,000 45,000 5,000 45,000 $ 50,000 20% 238,000 shares The loss on discontinued operations is a gross loss before income tax considerations. The company plans to dispose of the discontinued operations, and this plan represents a strategic shift by the company. Instructions: Prepare a multiple-step income statement. Round earnings per share to 2 decimal places.