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a. Other, net for 20times 1 included a corporate restructuring charge of $8,777 and a pre-tax profit of $12,000 on discontinued operations. The remainder of

a. Other, net for

20\\\\times 1

included a corporate restructuring charge of

$8,777

and a pre-tax profit of

$12,000

on discontinued operations. The remainder of the category is composed of investment losses.\ b. Marketing, administrative, and other expenses for

20\\\\times 1

included a loss on currency translation of

$55

.\ c. All of these transactions were subject to Hardrock's income tax rate of

21%

.\ d. Hardrock disclosed earnings per share data only in the notes to the financial statements. The company had

10,000,000

shares of common stock outstanding throughout

20\\\\times 1

.\ Required:\ Recast this single-step combined income statement and retained earnings statement as a multiple-step income statement. Include appropriate per share amounts. (Round your answers to

2

decimal places under "Earnings per common share:". For others, enter you answers in thousands rounded to the nearest whole dollar.)\ \\\\table[[Hardrock Mining Co.],[Income Statement,],[For the Year ended December 31, 20X1,],[$ in thousands,],[,],[,],[,],[,],[,],[Earnings before income taxes,],[,],[,],[,],[,]]

image text in transcribed
a. Other, net for 201 included a corporate restructuring charge of $8,777 and a pre-tax profit of $12,000 on discontinued operations. The remainder of the category is composed of investment losses. b. Marketing, administrative, and other expenses for 201 included a loss on currency translation of $55. c. All of these transactions were subject to Hardrock's income tax rate of 21%. d. Hardrock disclosed earnings per share data only in the notes to the financial statements. The company had 10,000,000 shares of common stock outstanding throughout 201. Required: Recast this single-step combined income statement and retained earnings statement as a multiple-step income statement. Include appropriate per share amounts. (Round your answers to 2 decimal places under "Earnings per common share:". For others, enter you answers in thousands rounded to the nearest whole dollar.)

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