Eastern Avlation operated both an alrline and several restaurants located near alrports. During the year just ended, all restaurant operations were discontued and the following operating results were reported. All of these amounts are before Income taxes unless Indicated otherwise. The company's income tax rate is 40 percent. The nonrecurring loss resulted from damage to a warehouse that is not related to the discontinued restaurant operations. Eastern Avlati had 1,000,000 shares of capltal stock outstanding throughout the year. Required: a. Prepare a condensed income statement, Including proper presentation of the discontinued restaurant operations and the nonrecurring loss. Include all approprlate earnings per share figures. b. Assume that you expect the profitability of Eastern Avlation operations to decline by 5 percent next year. What is your estimate of the company's net earnings per share next year? Complete this question by entering your answers in the tabs below. Prepare a condensed income statement, including proper presentation of the discontinued restaurant operations and the nonrecurring loss. Include all appropriate earnings per share figures. (Round Earnings per share of common stock to 2 decimal places.)