Plano had 50,000 shares of stock outstanding throughout the

Plano had 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 30%.

Plano Co. 12/31/18

Partial Trial Balance Data

Debits

Credits

Sales revenue

805,000

Interest revenue

67,000

Gain on sale of investments

117,000

Cost of goods sold

570,000

Selling expenses

143,000

Restructuring costs

40,000

Interest expense

37,000

General and administrative expenses

114,000

Required:
Prepare a multiple-step income statement with earnings per share disclosure. (Amounts to be deducted should be indicated with a minus sign. Round EPS answer to 2 decimal places.)

 

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