The information beneath depicts 2013 summary for Match Company. The company consists of two operations, which is, manufacturing and wholesale. The amounts are in thousands.
Sales revenue $25,000
Cost of goods sold 16,000
Interest revenue 70,000
Selling and administrative expenses 4,700
Goodwill write-off 820
2014 Income taxes 1,244
Gain on sale of investments (This is normal and recurring) 110
Loss due to flood damage, net of tax (This is extraordinary item) 390
Loss on disposition of wholesale division, net of tax 440
Loss on operations of wholesale division, net of tax 90
Match Company consists of 500,000 shares of common stock outstanding all through the year. The company decided to discontinue its total wholesale operations. On August 31, 2013, Match Company sold the wholesale operations to Reed Company.
Required:
Make a multi-step income statement and earnings per share for Match Company.