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Current Attempt in Progress Presented below are selected ledger accounts of Swifty Corporation as of December 31, 2025. Cash $42,000 Administrative expenses Selling expenses
Current Attempt in Progress Presented below are selected ledger accounts of Swifty Corporation as of December 31, 2025. Cash $42,000 Administrative expenses Selling expenses Net sales 84,000 67,200 453,600 Cost of goods sold 176,400 Cash dividends declared (2025) 16,800 Cash dividends paid (2025) 12,600 Discontinued operations (loss before income taxes) 33,600 Depreciation expense, not recorded in 2024 25,200 Retained earnings, December 31, 2024 75,600 Effective tax rate 20% Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.58.) SWIFTY CORPORATION Income Statement For the Year Ended December 31, 2025 +9 EA $ +A > > > > > > > > +9
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