Beirut company hare capital was 200, 000-ordinary shares at par value S1, and Toso 00 preference shires r paIRS are outstanding in

31/122018 The company reports income from continuing operations before i come tix 870.000S, the following additional transactions not Considered in that income

1) During 2018 the company sold truck ford.000s which has originally cost 36, OUOS and accumulated depreciation of 6.000

2) The company decided to discontinued one of its division in A10 2018 the operating losses from 1 Juary 2018 to 30 September 2018 was $150 000, ihe realized losses from 1/10/2018

f0 31/12/20018 was $50000

3) During the year 2018 the company sold a part of its portfolio which resulted in a gain olios, but the accountant recorded STOR gain.

4) The auditor discovered in error in recording bad debit expenses which overstate by 0.000s for the year 31/12 2017

5) The company decided to change the installment method to percentage of completion methods in recognize revenues from constructions, the effects for this change was decrease income of

2To 25S, increase income for 2017 by 180.0005 and decrease income for 2018 tr0, 000 6) 1/1 2018 retained cumings was 1,020,000S, dividend for 2018

declared and paid to ordinary 150,000s and for preferred theit amounts Required: (assuming the tax rate where is it needed 20%)

1- Analyze the above transaction ind prepare an income statement for the year 2018 (Start with income from operating

2. Compute earnings per share usit should be shown on the face of the income statement

3- Prepare the retained earnings statement for the year 2018