For the year ended December 31. Southeen Supply had net saies of $7040,000. costs and other expenses fincluding incone tav of 86.,00.000, and a gain from discontinued coerations (net of income tan) of $420000. a. Prepse a condensed income utasement finciuding eamings per shared, assuming that 910,000 shares of comman stock mere outstanding theoughout the year. b. Which earnings per share figure would you recommend be used to compute the price-earings tatio for Southeen Supply? Complete this question by entering your answers in the tabs below. Prepare a condensed inconte statement (induding eamings per thane), asbuming that 910,000 shares of comenion stack aere outstanding throughout the yees (Plound tarnings per share of cammon stock to 2 decmat places.? For the year ended December 31, Southern Supply had net sales of $7,040.000, costs and other expenses finicluding income tax of $6,160,000, and a gain from discontinued operations (net of income tax) of $420,000. a. Prepare a condensed income statement fincluding earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year. b. Which earnings per share figure would you recommend be used to compute the price-earnings ratio for Southern Supply? Complete this question by entering your answers in the tabs below. Which earnings per share figure would you recommend be used to compute the price-earnings ratio for Southem Supply