The following information is available for Larkspur Inc. for the year ended December 31, 2017: Loss on discontinued operations $65,000 Retained earnings January 1, 2017 $1,460,000 Rent revenue 89,000 Selling expenses 875,000 Income tax applicable to continuing operations 291,000 Income tax applicable to loss on discontinued operations 26,000 Administrative expenses 525,000 Cost of goods sold 1,672,000 Loss on write-down of inventory 45,000 Sales revenue 3,765,000 Gain on sale of equipment 34,000 Cash dividends declared 213,000 Unrealized gain on available-for-sale securities 21,000 Interest expense 47,000 200,000 shares were outstanding during all of 2017. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e. g. 1.45.)