Exercise 4-2 Income statement format; single step and multiple step [LO4-1, 4-5]

The following is a partial trial balance for the Green Star Corporation as of December 31, 2016:

Account Title	Debits	Credits
Sales revenue		1,600,000
Interest revenue		39,000
Gain on sale of investments		59,000
Cost of goods sold	780,000
Selling expenses	205,000
General and administrative expenses	84,000
Interest expense	49,000
Income tax expense	139,000

140,000 shares of common stock were outstanding throughout 2016.

Required:

Prepare a multiple-step income statement for 2016, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)