10,000 shares

Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $53,000 106,000 84,800 572,400 222,600 21,200 15,900 42,400 31,800 95,400 Compute net income for 2020. Net income Prepare a partial income statement beginning with income from continuing operations before income tax, and including Round earnings per share to 2 decimal places, e.g. 1.58.) BRAMBLE CORPORATION Income Statement Net income Prepare a partial income statement beginning with income from continuing operations before income tax, and i (Round earnings per share to 2 decimal places, e.g. 1.58.) BRAMBLE CORPORATION Income Statement For the Year Ended Dece 31, 2017 Income From Continuing Operations Before Income Tax Income Tax Income From Continuing Operations Loss on Discontinued Operations, Net of Tax Net Income / (Loss) Earnings Per Share Income From Continuing Operations Loss on Discontinued Operations, Net of Tax Earnings Per Share