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Cher Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1 , Cher sold the wholesale operations. During 2
Cher Corporation decided to discontinue its wholesale operations and to retain their
manufacturing operations. On July Cher sold the wholesale operations. During
there were shares of common stock outstanding all year. Instructions: Prepare a
partial multiplestep income statement. Begin at the top beginning and stop at income
from continuing operations. Use the pretax financial information for Cher Corporation
below. Include all appropriate multiplestep income statement headings and line items. Do
not go beyond income from continuing operations. If applicable, round EPS to two
decimals; all others round to whole dollars.
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