Carla Corp. has 150,880 shares of common stock outstanding. In 2017, the company reports income from continuing operations before income tax of $1,228,700. Additional transactions not considered in the $1,228,700 are as follows.

1.		In 2017, Carla Corp. sold equipment for $39,200. The machine had originally cost $80,700 and had accumulated depreciation of $30,400. The gain or loss is considered non-recurring.
2.		The company discontinued operations of one of its subsidiaries during the current year at a loss of $190,600 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $93,100 before taxes; the loss from disposal of the subsidiary was $104,500 before taxes.
3.		An internal audit discovered that amortization of intangible assets was understated by $36,600 (net of tax) in a prior period. The amount was charged against retained earnings.
4.		The company had a non-recurring gain of $126,700 on the condemnation of some of its property (included in the $1,228,700).

Analyze the above information and prepare an income statement for the year 2017, starting with income from continuing operations before income tax. Compute earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 38% on all items, unless otherwise indicated.) (Round earnings per share to 2 decimal places, e.g. 1.48.) (please use the following format & fill in Blanks or use picture image template if it shows up)

Carla Corp

Income Statement (Partial)

For The Year Ended December 31

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CARLA CORP. Income Statement (Partial) December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary			$
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary	$
AddLess : Applicable Income Tax ReductionDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary		$
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
AddLess : Applicable Income Tax ReductionDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
Income Tax ExpenseDiscontinued OperationsDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary			$
Income Tax ExpenseDiscontinued Operations, Net of TaxDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary :
Income Tax ExpenseDiscontinued Operations, Net of TaxDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary			$
Income Tax ExpenseDiscontinued Operations, Net of TaxDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary
Income Tax ExpenseDiscontinued Operations, Net of TaxDividendsEarnings Per ShareExpensesGain on CondemnationIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesLoss from Disposal of SubsidiaryLoss from Operations of Discontinued Subsidiary			$