Income computations. Gain on the sale of investments A Presented below is financial information of the Martin Corporation for 2020. Net sales Cost of goods sold Loss on disposal of wholesale division Interest revenue Loss on operations of wholesale division Selling and administrative expenses Dividends declared on common stock Write off of goodwill Dividends declared on preferred stock Effective tax rate on all items is 20% B Instructions: Compute each of the following. 1. Income from operations 2. Income before income tax 3. Income from continuing operations 4. Net income 5. Earnings per share C 160,000 45,000,000 31,000,000 670,000 105,000 690,000 8,200,000 340,000 780,000 120,000 Martin Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Martin sold the wholesale operations. During 2020, there were 800,000 shares of common stock outstanding all year. D LU E