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3) Income Statement and EPS (21 points) Shown below is information relating to operations of Egnab Inc. for 2020: US-Dollars 7,500,000 5,850,000 Continuing Operations Net
3) Income Statement and EPS (21 points) Shown below is information relating to operations of Egnab Inc. for 2020: US-Dollars 7,500,000 5,850,000 Continuing Operations Net Sales Cost & Expenses (incl. income taxes) Other Data Profit generated by the discontinued segment 2020 (net income tax) Gain on Disposal of discontinued segment (net income tax) Prior Period adjustment (net income tax) Extraordinary Loss (net income tax) Extraordinary Gain (net income tax) Cash Dividend declared ($1.00 per share) 545,000 817,000 347.100 325,000 313,000 300,000 Instruction: (show your calculations and round to 2 decimal places) In the space provided, create the Income Statement for Egnab Inc., calculate the relevant Net Income by Segments and in Total including all Earnings Per-Share figures. Eganb Inc. has 300,000 shares of a single class of common stock outstanding throughput the year 2020. SUB TOTALS NET INCOME EPS NET INCOME FROM CONTINUING OPERATIONS NET INCOME FROM DISCONTINUING OPERATIONS NET INCOME BEFORE EXTRAORDINARY ITEMS NET INCOME FROM EXTRAORDINARY ITEMS TOTAL NET INCOME 4
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