Willow Company is preparing financial statements for the calendar year 2003. The following totals for each account have been verified as correct:

Office Supplies on Hand

$300

Insurance Expense

120

Gross Sales Revenue

$6,000

Cost of Goods Sold

3,220

Sales Returns

$200

Interest Expense

100

Accounts Payable

$120

Accounts Receivable

260

Extraordinary Loss

1,080

Selling Expenses

360

Office Supplies Used

$80

Cash

$300

Revenue from Investments . .

280

Number of Shares of Capital Stock

$90

Prepare an income statement. Assume a 20% income tax rate on both income from operations and extraordinary items. Include EPS numbers.