1.1.a corrected income statement for the year ended December 31, 2019, in- clude at the bottom of your income statement all appropriate earnings per share figures.Assume that throughout the year the company had outstanding a weighted average of 100,000 shares of a single class of capital stock of par value $1.

1.2. a statement of retained earnings for 2019. (As originally reported, re- tained earnings at December 31, 2018, amount to $2,000,000.)

TOSHIRO SPACE LTD Income Statement For the Year Ended December 31, 2019 Net sales ............................................................................... $9, 800, 000 Gain on sale of treasury stock .............................................. 47,000 Excess of issuance price over par value of capital stock ...... 640,000 Prior period adjustment (net of income taxes) ...................... 90,000 Extraordinary gain (net of income taxes) ................................ 50,000 Total revenue ...................................................................... $10,627,000 Less: Cost of goods sold .......................................................... $5, 000, 000 Selling expenses ............................................................ 1, 310, 000 General and administrative expenses ............................ 942, 000 Loss from settlement of litigation .................................... 12, 000 income taxes on continuing operations .......................... 810, 000 Operating loss on discontinued operations (net of income tax benefit) ...................................... 1 70, 000 Loss on disposal of discontinued operations (net of income tax benefit) ...................................... 390, 000 Cumulative effect of change in accounting principle (net of income tax benet) ........................ 92, 000 Dividends declared on capital stock ............................... 400I 000 Total costs and expenses ....................................... 9, 126, 000 Net income ...................................................................... M