Answer:
Net income  = $725,625    
Earnings per share = $7.26 per share
Explanation:
The multiple-step income statement refers to an income statement that displays gross profit obtained as sales revenue minus cost of goods sold, and also shows an organization's operating revenues and operating expenses separately from its nonoperating revenues or gains and expenses or losses.
The multiple-step income statement can be prepared as follows:
Rollins Inc. 
multiple-step income statement 
For the Year Ended December 31, 2021
<u>Details                                                      $                             $             </u>
Sales Revenue                                                               5,400,000
Cost of goods sold                                                    <u>   (3,950,000)   </u>
Gross profit                                                                     1,450,000 
<u>Operating expenses:</u>
Selling expense                                 (350,000)
General and admin expense          <u>   (250,000)   </u>
Total operating expenses                                            <u>  (600,000)  </u>
Operating income                                                            850,000
<u>Interest revenue (expense):</u>
Interest revenue                                     37,500
Interest expense                                 <u>  (20,000) </u>
Total Interest revenue (expense)                                      17,500
<u>Other compreh. income (loss):</u>
Loss on sale of investments               (10,000)
Loss on debt investments                 (125,000)
Gain on projected ben. obligation   <u>  235,000 </u>
Total other compreh. income (loss)                             <u>   100,000  </u>
Income before tax                                                           967,500
Income taxes (w.1)                                                        <u>   (241,875)   </u>
Net income                                                                   <u>   725,625    </u>
Earnings per share (w.2)                                                      7.26
<u>Workings:</u>
w.1: Income taxes = Income before tax  * Effective tax rate = $967,500 * 25% = $241,875
w.2: Earnings per share = Net income / Number of shares of stock outstanding throughout the year = $725,625 / 100,000 = $7.26