cash $125000 administrative expenses $250000 selling expenses $200000 net sales $1350000 cost of goods sold $525000 cash dividends declared (2014) $50000 cash dividends paid (2014)
cash $125000
administrative expenses $250000
selling expenses $200000
net sales $1350000
cost of goods sold $525000
cash dividends declared (2014) $50000
cash dividends paid (2014) $37500
discontinued operation (loss before income taxes) $100000
depreciation expenses not recorded in 2013 $75000
retained earning, December 31,2013 $225000
effective tax rate is 30%
compute net income for 2014
prepare a partial income beginning with income from continuing operations before income tax,and including appropriate earnings per share information.assume 10,000 shares of common stock were outstanding during 2014
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