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Ayayai Corporation had income from operations of $6,516,200. In addition, it suffered an unusual and infrequent pretax loss of $ 773,100 from a volcano eruption,
Ayayai Corporation had income from operations of $6,516,200. In addition, it suffered an unusual and infrequent pretax loss of $ 773,100 from a volcano eruption, interest revenue of $15,630, and a write-down on buildings of $53,550. The corporation's tax rate is 30%. Prepare a partial income statement for Ayayai beginning with income from operations. The corporation had 4,924,900 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) AYAYAI CORPORATION Income Statement (Partial) For the Year Ended December 31, 2017
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