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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
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.) Income from Continuing Operations Discontinued Operations CRANE CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Loss from Operations of Discontinued Restaurant Division Loss on Disposal of Restaurant Division Net Income/(Loss) Earnings per Share Income from Continuing Operations SA $ 319,600 GA $ i 203,200 i $ 10,814,300 522,800 i $ 10,291,500 +A $ 1.08
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