Greetings Fellow Tutor!

I am in need of assistance regarding an INTERMEDIATE ACCOUNTING (ACCTG-100A) exercise with preparing a YEARLY INCOME STATEMENT with losses attached.

I have attached three images: The first are the list of transactions (Six steps). The second is an image of the LIST OF ACCOUNTS to use. The last image is the actual 'blanks' with the Accounts on the left and the debit/credit values on the right.

I am looking for a solution for this company and if they will have a NET INCOME/LOSS. Thank you for the assistance!!

Question 3 of 5 -/110 = 2 View Policies Current Attempt in Progress Waterway Inc. reported Income from Continuing Operations before taxes during 2025 of $797,9200. Additional transactions occurring in 2025 but not considered in the $797,900 are as follows. 1. The corporation experienced an uninsured flood loss in the amount of $93,400 during the year. 2. At the beginning of 2023, the corporation purchased a machine for $75,600 (salvage value of $12,600) that had a useful life of & years. The bookkeeper used straight-line depreciation for 2023, 2024, and 2025, but failed to deduct the salvage value in computing the depreciation base. 3. Sale of securities held as a part of its portfolio resulted in a loss of $60,800 (pretax). 4, When its president died, the corporation realized $162,100 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $47,440 (the gain is nontaxable). 5. The corporation disposed of its recreational division at a loss of $105,080 before taxes. Assume that this transaction meets the criteria for discontinued operations. . The corporation decided to change its method of inventory pricing from average-cost to the FIFO method. The effect of this change on prior years is to increase 2023 income by $55,140 and decrease 2024 income by $19,110 before taxes. The FIFO method has been used for 2025. The tax rate on these items is 30%. Prepare an income statement for the year 2025 starting with Income from Continuing Operations before taxes. Compute earnings per share as it should be shown an the face of the income statement. Commaon shares outstanding for the year are 119,240 shares. (Assume a tax rate of 30% on all items, unless indicated otherwise.) (Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 5,275.) WATERWAY INC. Income Statement (Partial) For the Year Ended December 31, 2025 Discontinued Operations Dividends Earnings Per Share Expenses Income before Income Tax Income from Continuing Operations Income Tax Loss on Disposal of Recreational Division Loss on Disposal of Discontinued Operation Major Casualty Loss Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues v $