The following information was taken from the records of SkysongInc. for the year 2017: Income tax applicable to income fromcontinuing operations $174,148; income tax applicable to loss ondiscontinued operations $28,322, and unrealized holding gain onavailable-for-sale securities (net of tax) $18,000.
| Gain on sale of equipment | | $98,100 | | Cash dividends declared | | $160,700 |
| Loss on discontinued operations | | 83,300 | | Retained earnings January 1, 2017 | | 625,400 |
| Administrative expenses | | 246,100 | | Cost of goods sold | | 879,200 |
| Rent revenue | | 44,500 | | Selling expenses | | 289,400 |
| Loss on write-down of inventory | | 65,700 | | Sales Revenue | | 1,850,000 |
Shares outstanding during 2017 were 105,300.
Prepare a single-step income statement. (Roundearnings per share to 2 decimal places, e.g.1.48.)
