After returming from vacation, theaccountart of Ovline Buying Inc. was tismayed to discover that the income saternent for the year endedDecember 31,2023 , was prepared incorrectly, All amomts induded inthe sastement are before tax [assme a rate of 40 \%). The company had 200,000 common chares issuedand outstandingthroughout the year as well as 70,000$1,00 mmulative prefered glares. Dividends hadnot been paid for the past two years (202 1 and 2022). Retained earnings at December 31,2022, were $171,000. Berpinei Plesse revise the income statemert, irchading eanlings per share irformation. Online Bixying inx. Income Statentent Decenber 31,2023 Rewerules: Sales $900,000 Gain on sale of discontinued operation (pre-tax) 120,000 Acconmulated smortixstion, equipmert Operating prof if on discontinued operation (pre-tax) 22,500 Experses: Cost of goods sold 318,000 1,360,500 Selling and atministrative experses 240,000 Sales rebmins and allowirces 90,000 Loss on disposal of equipmert (pre-tax) 7,000 Dividends 40,000 Profit 47,500 424,500 Eanrings per share $936,000 $4.68