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

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From the following data for Norton Company for the year ended December 31, prepare a multiple-step income statement. 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 $200,000 342,000 48,250 142,000 3,750 5,400 865,000 83,000 Norton Company Income Statement For Year Ended December 31 Operating expenses: DOJ DJI OD Total operating expenses Other expense: Income Statement For Year Ended December 31 Operating expenses Total operating expenses Other expense 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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