Preparing a Multiple$-$ Step Income Statement

The following items are from the adjusted trial balance of Bailey Corp. on December $31,$ the end of its annual accounting period. Assume an average $25\%$ income tax on all items. Weighted average shares of common stock

outstanding for the year were $10,000.$

Prepare a multiple$-$step income statement for the $12$ months ended December $31,$ including the earnings per share disclosure. Assume that rent revenue is a nonoperating revenue.

Note: Use a negative sign only for an expense or loss item included in the section Other Revenues $($Expenses$).$

Note: Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny.