Prepare a multi$-$step income statement $($using good form$)$ for the Christensen Corporation. Christensen Corporation had the following items on Dec. $31,2021,$ prior to closing entries $($note this is a partial list of all accounts in the adjusted trial balance$)$:

Sales Revenues $$3,800,000$ Accrued Wages Payable $ $25,000$

Cost of Goods Sold $$1,500,000$ Admistrative Expenses $$350,000$

Retained Earnings $ $700,000$ Prepaid Rent $ $85,000$

Inventory $ $100,000$ Investments $ $45,000$

Allow for Doubtful Acct $ $1,600$ Loss on Sale of Land $ $3,000$

Accum. Depr.$-$Equip. $ $390,000$ Selling Expenses $ $120,000$

Unearned Rent Revenue $ $5,000$ Interest Expense $ $4,000$

The appropriate tax rate for all income statement items is $20\%$ for all items.

$(1)$ You have discovered that for the years $2020,2021,$ Christensen Corporation's bookkeeper erroneously computed depreciation of a building. The correct amount of depreciation expense was $$40,000$ per year, but the bookkeeper recorded $$50,000.$ Depreciation Expense is shown as part of Administrative Expenses.

$(2)$ The company discontinued a business segment. The net loss during the year was $$80,000$ before taxes, and the company disposed of assets with a book value of $$200,000$ and a fair value of $$110,000.$ It does qualify for treatment as a discontinued operations.

$(3)$ The company had $1,000,000$ shares of stock outstanding during the year. Show EPS for all appropriate amounts.