Preparing a Single$-$ Step and a Multiple$-$ Step Income Statement

The following selected items are taken from the accounting records of Amick Corp. at December $31.$

Sales revenue $$1,520,000$

Cost of goods sold $920,000$

Dividends received on investment in stocks $10,400$

Interest expense $6,720$

Loss on sale of investments $76,800$

Promotion expense $24,000$

Shipping expense $40,000$

Depreciation $(50\%$ selling, $50\%$ general and administrative$)32,000$

Salaries $($general and administrative$)128,000$

Other general and administrative expenss $36,800$

Salaries $($selling$)136,480$

Interest revenue $4,000$

Income tax rate $25\%$

Number of common stock shares $20,000$

part a$.$

part b$.$

b$.$ Prepare a multiple$-$step income statement $($including earnings per share$).$

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.

Note: For this exercise, do not subtotal operating expenses.