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Business, 09.12.2021 03:40 Jasten

The following are partial income statement account balances taken from the December 31, 2021, year-end trial balance of White and Sons, Inc.: restructuring costs, $340,000; interest revenue, $44,000; before-tax loss on discontinued operations, $440,000; and loss on sale of investments, $54,000. Income tax expense has not yet been recorded. The income tax rate is 25%. Prepare the lower portion of the 2021 income statement beginning with $820,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 120,000 shares of common stock outstanding throughout the year.

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