KrugPark produces a popular beverage called odes us which sells for $97 a case. Last year KrugPark sold 170,000 cases, each of which costs $50 to produce. KrugPark incurred selling and administrative expenses of $670,000 and depreciation expense of $730,000. In addition, KrugPark has a $1,600,000 loan outstanding at 6.5%. Their tax rate is 38%. There are 460,000 common shares outstanding.
Prepare an income statement for KrugPark in good form (include EPS).