Dresser Industries Dresser Industries provides products and services to oil and natural gas exploration, production, transmission and processing companies. A recent income statement is reproduced below. Dollar amounts are in millions.

Instructions Assume that 177,636,000 shares of stock were issued and outstanding. Prepare the per-share portion of the income statement. Remember to begin with “Income from continuing operations.”

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Sales $2,697.0 Service revenues 1,933.9 Share of earnings of unconsolidated affiliates 92.4 Total revenues 4,723.3 Cost of sales 1,722.7 Cost of services 1,799.9 Total costs of sales and services 3,522.6 Gross earnings Selling, engineering, administrative and general expenses 1,200.7 (919.8) Special charges Other income (deductions) Interest expense Interest earned Other, net Income taxes Minority interest Earnings from continuing operations Discontinued operations (70.0) (47.4) 19.1 4.8 Earnings before income taxes and other items below 187.4 (79.4) (10.3) 97.7 (35.3) Earnings before extraordinary items and accounting changes Extraordinary items Cumulative effect of accounting changes Net earnings (loss) 62.4 (6.3) (393.8) $(337.7)