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

The following pretax information is taken from the adjusted trial balance of Trader J$\text{'}$s Corp. at December $31,$ its annual year$-$end.

The company's income tax rate is $25\%$ and the company had $40,000$ shares of common stock outstanding during the year.

a$.$ Prepare a single$-$step income statement including the earnings per share disclosures.

Note: Do not use negative signs with your answers.

Note: Round the earnings per share amount to two decimal places. Earnings per share

b$.$ Prepare a multiple$-$step income statement including the earnings per share disclosures. Assume that rent revenue is nonoperating.

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

Note: Round the earnings per share amount to two decimal places.