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