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From the following data for Norton Company for the year ended December 31, prepare a multiple-step income statement. $200,000 Common stock, $50 par Cost of

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From the following data for Norton Company for the year ended December 31, prepare a multiple-step income statement. $200,000 Common stock, $50 par Cost of goods sold Administrative expenses Income tax (applicable to continuing operations) Interest expense Loss on discontinued operations, net of applicable tax of $2,700 Sales Selling expenses 342,000 48,250 142,000 3,750 5,400 865,000 83,000 Norton Company Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit D Operating expenses: Selling expenses Administrative expenses For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Income from operations Other expense: Interest expense Income from continuing operations before income tax Income tax expense Income from continuing operations Cosson discontinued operatis, net of tax Net income What are the earnings per share for the following? Round your answers to two decimal places. Earnings per common share: Income from continuing operations Loss on discontinued operations Net Income

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