eBook Question Content Area Appendix: Income statement and earnings per share for discontinued operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax expense $674,500 Loss from discontinued operations $122,550 * Weighted average number of shares outstanding 57,000 Applicable tax rate 40% *Net of any tax effect. Question Content Area a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax expense. Apex Inc. Partial Income Statement For the Year Ended December 31 Income from continuing operations before income tax expense $Income from continuing operations before income tax expense Income tax expense Income tax expense Income from continuing operations $Income from continuing operations Loss from discontinued operations Loss from discontinued operations Net income $Net income