1.- Chihuahuas Inc. reported the following before-tax items during the current year: Sales revenue $3,000 Selling and administrative expenses 1,250 Foreign currency translation gain 300 Gain on discontinued operations 250 Interest expense 200 Chihuahuas effective tax rate is 35%. What is Chihuahuas income from continuing operations after income taxes (rounded)?

2.- The Payne Corporation reported net income of $4,500,000 for the fiscal year ended December 31, 2018. Preferred stock dividends declared during the year were $450,000. Payne had 9 million shares of common stock outstanding at the beginning of the year, and issued an additional 4.5 million shares on September 30, 2018. What is Paynes basic EPS for 2018 (rounded)?

3.- The A. Jones Consulting Group reported net income of $1,250,000 for its fiscal year ended December 31, 2018. In addition, during the year, the company experienced a before-tax gain on foreign currency translation adjustment of $725,000 and had before-tax unrealized gains on investment securities of $250,000. The companys effective tax rate on all items affecting comprehensive income is 40%. What is A. Joness total comprehensive income (loss)?

4.- Topgolf Inc. paid $450 million for salaries to employees during 2018. There were $36 million and $54 million in salaries payable at the beginning and end of 2018, respectively. What was Topgolfs salaries expense for 2018?

5.- Wilson Inc. has total assets of $1,400,000 and total long-term liabilities of $1,000,000 (no current liabilities). The industry average debt-to-equity ratio is 1.25. Calculate Wilsons debt-to-equity ratio and indicate whether the companys default risk is higher or lower than the average of other companies in the industry.