Following is a partial trial balance for Plano Company. 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%. Prepare a multiple-step income statement with earnings per share disclosure. Plano Company

Partial Trial Balance
As of December 31, 201X
Debit Credit
Sales revenue 700,000
Interest revenue 60,000
Gain on sale of investments (infrequent 110,000
but not unusual)
Cost of goods sold 500,000
Selling expenses 150,000
Restructuring costs 40,000
Interest expense 30,000
General and administrative costs 60,000