Earnings per share 1, 2, 3

Presented below is financial information of the Salito Corporation for 2017. Gain on the sale of investments 160,000 Net sales 45,000,000 Cost of goods sold 31.000.000 Loss on disposal of wholesale division 670.000 Interest revenue 105,000 Loss on operations of wholesale division 690,000 Selling and administrative expenses 8,200,000 Dividends declared on common stock 340.000 Write off of goodwill 780,000 Dividends declared on preferred stock 120.000 Effective tax rate on all items is 34% Additional information: Martin Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Martin sold the wholesale operations. During 2017, there were 800,000 shares of common stock outstanding all year. Instructions: Compute each of the following. Enter the amounts highligthed in blue, directly in the blue boxes, just enter the number, for examble 2000, it is already formatted for you Income from operations 2 Income before income tax 3 Income from continuing operations 4 Net income 5 Earnings per share for required item 1 6 Earnings per share for required item 2 7 Earnings per share for required item 3 5,800,000 5,285,000 1,796,900 2.590.500 Enter the number directly do not use formulas in this cell; Round to 2 decimal points Enter the number directly do not use formulas in this cell; Round to 2 decimal points Enter the number directly do not use formulas in this cell; Round to 2 decimal points For EPS, GAAP requires certain EPS calculations to be entered. Please calculate the specific EPS in the order that it is required to be shown on the incme statement Please show your work below income from operations: 45,000-31,000-8,200 = 5,800 income before income tax: 5,800+160+105-780 = 5,285 income from continuing operations: 5,285 (34) - 1,796,900 Net Income: 2,590,500 Rev - COGS - OP expense Gross R - Op Expense - Dep-Interest + Int Income EBIT (tax %)