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Crane Corporation had income from continuing operations of $10,814,300 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $203,200.
Crane Corporation had income from continuing operations of $10,814,300 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $203,200. Prior to disposal, the division operated at a loss of $319,600 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Crane had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Crane beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) CRANE CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Income from Continuing Operations Discontinued Operations Loss from Operations of Discontinued Restaurant Division v Loss on Disposal of Restaurant Division Net Income/(Loss) 319600 203200 10814300 522800 $ 10291500 Net Income/(Loss) Earnings per Share Income from Continuing Operations Earnings per Share S 10291500
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