Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2017) Cash dividends paid (2017) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2016 Retained earnings, December 31, 2016 Effective tax rate 30% $60,600 106,500 81,520 545,200 265,900 24,370 22,600 47,900 39,700 91,380 Compute net income for 2017. Net income LINK TO TEXT LINK TO TEXT Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 20,090 shares of common stock were outstanding during 2017 (Round earnings per share to 2 decimal places, e.g. 1.58.) SPLISH CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax Income Tax Income From Continuing Operations Discontinued Operations. Net of Tax Net Income (Loss Earnings Per Share