Brief Exercise 4-4 Kingbird Corporation had income from contin uing operations of $11,900,000 in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $206,000. Prior to disposal, the division operated at a loss of $324,000 (net of tax) in 2017 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). King bird had 10,000,000 shares of common stock outstanding during 2017. Prepare a partial income statement for Kingbird beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) KINGBIRD CORPORATION Income Statement (Partial)