Bonita Corporation had income from continuing operations of $10,615,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of
Bonita Corporation had income from continuing operations of $10,615,500 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $191,900. Prior to disposal, the division operated at a loss of $320,300 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Bonita had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Bonita beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) BONITA CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Income from Continuing Operations Discontinued Operations Loss from Operations of Discontinued Restaurant Division + $ 191900 Loss on Disposal of Restaurant Division Net Income/(Loss) Earnings per Share Income from Continuing Operations Gain on Disposal of Restaurant Division Gain from Operations of Discontinued Restaurant Division Net Income/(Loss) Earnings per Share $ 320300 $ $ $ $
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