At the beginning of 2016, Cameron Company's retained earnings was $204,200. For 2016, Cameron has calculated its pretax income from continuing operations to be $108,000. During 2016, the following events also occurred:

During July, Cameron sold Division M (a component of the company). It has determined that the pretax income from the operations of Division M during 2016 totals $43,300 and that a pretax loss of $44,200 was incurred on the sale of Division M.

Cameron had 21,000 shares of common stock outstanding during all of 2016. It declared and paid a $2 per share cash dividend on this stock.

Required:

Assuming that all the "pretax" items are subject to a 30% income tax rate:

1. Complete the lower portion of Cameron Company's 2016 income statement, beginning with "Pretax Income from Continuing Operations." Round earnings per share computations to two decimal places.

2. Prepare an accompanying statement of retained earnings for the year ended December 31, 2016.