23) (6 points) Income statement and earnings per share Shown below is information relating to operations of Laconia, Inc., for 2018: $7,620,000 $3,750,000 $420,000 Continuing operations: Net sales Cost and expenses (including income taxes) Other data: Current-year profit generated by segment of the business discontinued in April (net of income taxes) Gain on disposal of discontinued segment (net of income taxes) Prior-period adjustment (decrease in prior years' income net of tax benefit) Non-recurring loss (net of income tax benefit) Cash dividends declared (S1.50 per share) $108,000 $168,000 $96,000 $150,000 In the space provided, complete the income statement for Laconia, Inc., including earnings-per-share figures. Laconia has 100,000 shares of a single class of common stock outstanding throughout the year. LACONIA, INC. Condensed Income Statement For the Year Ended December 31, 2018 24) (6 points) Income statement and earnings per share Shown below is information relating to operations of Broadway Industries for 2018: $6,500,000 $5,720,000 S542,100 Continuing operations: Net sales Cost and expenses (including income taxes) Other data: Current-year profit generated by segment of the business discontinued in May (net of income taxes) Gain on disposal of discontinued segment (net of income taxes) Prior-period adjustment (decrease in prior years' income net of tax benefit) Non-recurring loss (net of income tax benefit) Cash dividends declared ($6 per share) S185,900 $347,100 $325,000 S520,000 In the space provided, complete the income statement for Broadway Industries, including earnings per share figures. Broadway Industries has 100,000 shares of a single class of common stock outstanding throughout the year