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2 3 points eBook The following are partial income statement account balances taken from the December 31, 2024, year-end trial balance of White and
2 3 points eBook The following are partial income statement account balances taken from the December 31, 2024, year-end trial balance of White and Sons, Incorporated restructuring costs, $460,000; interest revenue, $56,000, before-tax loss on discontinued operations, $560,000, and loss on sale of investments, $66,000. Income tax expense has not yet been recorded. The income tax rate is 25% Prepare the lower portion of the 2024 income statement beginning with $880,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 100,000 shares of common stock outstanding throughout the year Note: Loss amounts should be indicated with a minus sign. Round "EPS" answers to 2 decimal places. WHITE AND SONS, INCORPORATED Partial Income Statement For the Year Ended December 31, 2024 Print Income from continuing operations before income taxes Income tax expense $ 880,000 (220,000) References Income from continuing operations 660.000 Net income $ 660.000 Earnings per share: $ 6 60 Income from continuing operations Net income
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