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Haliteck Corporation is based in Halifax. At the end of 2 0 X 4 , the company's accounting records show the following items: a .

Haliteck Corporation is based in Halifax. At the end of 20X4, the company's accounting records show the following items:
a. A $119,000 loss from hurricane damage.
b. Total sales revenue of $3,550,000, including $495,000 in the Decolite division, for which the company has a formal plan of sale.
c. Interest expense on long-term debt of $84,000.
d. Increase in fair value of marketable securities of $74,000.
e. Operating expenses of $2,290,000, including depreciation and amortization of $595,000. Of the total expenses, $502,000
(including $94,000 in depreciation and amortization) was incurred in the Decolite division.
f. Haliteck Corporation wrote down tangible capital assets by $48,000 during the year in order to reduce the Decolite division's
assets to their estimated recoverable amount.
g. Haliteck has long-term debt denominated in U.S. dollars. Due to the weakening of the U.S. dollar during 204, the company has an
unrealized gain of $36,000.
h. Haliteck has a subsidiary in France. The euro strengthened during the year, with the result that Haliteck had an unrealized gain of
$30,000 on its net investment in the subsidiary.
i. Haliteck's income tax expense for 204 is $90,000. This amount is net of a tax recovery of $39,000 on the Decolite division and a
$44,000 tax benefit from hurricane damage.
j. The company had 55,000 common shares outstanding at the beginning of the year; an additional 16,000 were issued on March 31.
Required:
Prepare a continuous SCI. (Do not round intermediate calculations. Round your "Earnings
per share" answers to 2 decimal places.)
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