For the year ended December 31, Southern Supply had net sales of $7,470,000, costs and other expenses (including income tax) of $5,860,000, and a gain from discontinued operations (net of income tax) of$420,000.

A- fill out the condensed income statement (including 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. Required A Required B Prepare a condensed income statement (including earnings per share), assuming that 910,000 shares of common stock were outstanding throughout the year. (Round Earnings per share of common stock to 2 decimal places.) SOUTHERN SUPPLY Income Statement For the Year Ended December 31, Current Year Earnings per share: Required A Required B >