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Bonita Corporation had income from continuing operations of $10,615,500 in 2020. During 2020, it disposed of its restaurant division at an after-tax loss of
Bonita Corporation had income from continuing operations of $10,615,500 in 2020. During 2020, 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 2020 (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 2020. 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) 19 $ $
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