Concord Corp. has $150,240$ shares of common stock outstanding. In $2025,$ the company reports income from continuing operations before income tax of $$1,240,000.$ Additional transactions not considered in the $$1,240,000$ are as follows.

In $2025,$ Concord Corp. sold equipment for $$35,000.$ The machine had originally cost $$84,900$ and had accumulated depreciation of $$31,700.$ The gain or loss is considered non$-$recurring.

The company discontinued operations of one of its subsidiaries during the current year at a loss of $$191,600$ before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $$94,600$ before taxes; the loss from disposal of the subsidiary was $$97,000$ before taxes.

An internal audit discovered that amortization of intangible assets was understated by $$38,200($net of tax$)$ in a prior period. The amount was charged against retained earnings.

The company recorded a non$-$recurring gain of $$125,500$ on the condemnation of some of its property $($included in the $$1,240,000.$

Analyze the above information and prepare an income statement for the year $2025,$ 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 $19\%$ on all items, unless otherwise indicated.$)($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}47.)$

CONCORD CORP.

Income Statement $($Partial$)$

For the Year Ended December $31,2025$

Income before Income Tax