Blue Spruce Corp. is a public company and has 100,000 common shares outstanding. In 2023 , the company reported income from continuing operations before income tax of $3,306,200. Additional transactions not considered in the $3,306,200 are as follows: 1. In 2023 , Blue Spruce sold equipment for $170,800. The machine had originally cost $97,600 and had accumulated depreciation to date of $43,920. 2. The company discontinued operations of one of its subsidiaries during the current year at a loss of $353,800 before tax. Assume that this transaction meets the criteria for discontinued operations. The loss on operation of the discontinued subsidiary was $109,800 before tax. The loss from disposal of the subsidiary was $244,000 before tax. 3. The sum of $634,400 was received as a result of a lawsuit for a breached 2020 contract. Before the decision, legal counsel was uncertain about the outcome of the suit and Blue Spruce had not established a receivable. 4. In 2023 , the company reviewed its accounts receivable and determined that $65,880 of accounts receivable that had been carried for years appeared unlikely to be collected. No allowance for expected credit losses was previously set up. 5. An internal audit discovered that amortization of intangible assets was understated by $42,700 (net of tax) in a prior period. The amount was charged against retained earnings. Analyze the above information and prepare an income statement for the year 2023 , starting with income from continuing operations before income tax. Calculate earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 25% on all items, unless otherwise indicated.) (List loss from operations of discontinued subsidiary before loss from disposal of subsidiary. Round per share answers to 2 decimal places, e.g. 52.75. Disclose Discontinued operations tax information separately.) Blue Spruce Corp. Income Statement (Partial) December 31, 2023 $ $ $ Blue Spruce Corp. is a public company and has 100,000 common shares outstanding. In 2023 , the company reported income from continuing operations before income tax of $3,306,200. Additional transactions not considered in the $3,306,200 are as follows: 1. In 2023 , Blue Spruce sold equipment for $170,800. The machine had originally cost $97,600 and had accumulated depreciation to date of $43,920. 2. The company discontinued operations of one of its subsidiaries during the current year at a loss of $353,800 before tax. Assume that this transaction meets the criteria for discontinued operations. The loss on operation of the discontinued subsidiary was $109,800 before tax. The loss from disposal of the subsidiary was $244,000 before tax. 3. The sum of $634,400 was received as a result of a lawsuit for a breached 2020 contract. Before the decision, legal counsel was uncertain about the outcome of the suit and Blue Spruce had not established a receivable. 4. In 2023 , the company reviewed its accounts receivable and determined that $65,880 of accounts receivable that had been carried for years appeared unlikely to be collected. No allowance for expected credit losses was previously set up. 5. An internal audit discovered that amortization of intangible assets was understated by $42,700 (net of tax) in a prior period. The amount was charged against retained earnings. Analyze the above information and prepare an income statement for the year 2023 , starting with income from continuing operations before income tax. Calculate earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 25% on all items, unless otherwise indicated.) (List loss from operations of discontinued subsidiary before loss from disposal of subsidiary. Round per share answers to 2 decimal places, e.g. 52.75. Disclose Discontinued operations tax information separately.) Blue Spruce Corp. Income Statement (Partial) December 31, 2023 $ $ $