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The trial balance of Plano Company included the following accounts as of December 31,2024: ...

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Accounting

The trial balance of Plano Company included the following accounts as of December 31,2024:
Sales revenue
Debits
Credits
Interest revenue
$612,000
Gain on sale of investments
77,000
Cost of goods sold
Selling expense
127,000
Interest expense
General and administrative expenses
$455,000
133,000
23,000
86,000
Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%.
Required:
Prepare a single-step income statement with earnings per share disclosure.
Note: Round earnings per share answer to 2 decimal places.
\table[[PLANO COMPANY,],[Income Statement,],[For the Year Ended December 31,2024,,],[,,],[,,],[Total revenues and gains,,],[Expenses:,,],[,,],[,,],[,,],[Total expenses,,],[Income before income taxes,,],[,,]]
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