Answer:
                      OPGENORTH COMPANY
                         Income Statement
                  For Year Ended December 31, 2016
Sales                                                                 $160,000
Cost of goods sold                                           <u>$95,000
</u>
Gross profit                                                       $65,000
<u>Operating expenses</u>
Selling expense                     $14,000  
General and administrative   $17,000
expense  
Total operating expense                                   <u> $31,000
</u>
Operating income                                               $34,000
<u>Other items</u>
Interest revenue                                $2,500
Loss on sale of equipment (pretax) -$2,000  
Loss from fire                                    <u>-$8,000</u>     <u>-$7,500</u>
Income before tax                                               $26,500
Income tax                                                           <u>$7,950</u>
Net income                                                          $18,550
Components of Income EPS
EPS =  $18550 / $7000 
= $2.65
                OPGENORTH COMPANY
        Statement of Comprehensive Income
          For Year Ended December 31, 2016
Net income                                       $18,550
Other comprehensive loss  
Unrealized decrease in fair value   <u>-$1,800</u>
of available for sale securities           
Comprehensive income                  <u>$16,750</u>