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Following amounts are from a partial year-end adjusted trial balance: Sales revenue: CR $542742 Loss on sale of investments: DR $42877 Interest revenue: CR
Following amounts are from a partial year-end adjusted trial balance: Sales revenue: CR $542742 Loss on sale of investments: DR $42877 Interest revenue: CR $9227 Cost of goods sold: DR $164451 Selling, general and administrative expenses: DR $55902 o Restructuring costs: DR $34193 Loss from operations on segment held for sale: DR $28765 Income tax expense has not yet been accrued The income tax rate: 18% The segment being sold qualifies as a component of the entity The number of shares of common stock outstanding during the year: 15948 Calculate the following year-end amounts Income (loss) from continuing operations before income taxes: 434736 Income tax provision (benefit) on income (loss) from continuing operations: 82599.84 o Income (loss) from continuing operations, net of taxes: 371778 o Income (loss) from discontinued operations, net of taxes: 456445 Net income (loss): 70637.82 Earnings (loss) per share from continuing operations: 27.26 Earnings (loss) per share from discontinuing operations: 23.31 Earnings (loss) per share: 34.03
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