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2) For the year ended December 31, Storm, Inc. had net sales of $8,000,000, expenses o $5,500,000, and a loss from discontinued operations (net of

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2) For the year ended December 31, Storm, Inc. had net sales of $8,000,000, expenses o $5,500,000, and a loss from discontinued operations (net of tax) of $1,000,000 Prepare a condensed income statement. Make sure to include carnings per share assuming that there were 100.000 avg. shares outstanding Storm, Inc. Condensed Income Statement For Year Ended Dec. 31, 20XX Net Sales 8,000,000 Less: Expenses Income from Continuing Operations 2,500,000 Earnings Per Share (fill out below) Earnings from Continuing Operations amnings Per Share 1.50

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