Income statement and earnings per share for discontinued operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax $513,500 Loss from discontinued operations $91,650 * Weighted average number of shares outstanding 39,000 Applicable tax rate 40% *Net of any tax effect. a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax. Apex Inc. Partial Income Statement For the Year Ended December 31 $ $ $ b. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items. Enter answers in dollars and cents, rounding to the nearest whole cent. Apex Inc. Partial Income Statement For the Year Ended December 31 Earnings per common share: $ $

Income statement and earnings per share for discontinued operations Apex Inc. reports the following for a recent year: $513,500 $91,650 * Income from continuing operations before income tax Loss from discontinued operations Weighted average number of shares outstanding Applicable tax rate 39,000 40% *Net of any tax effect. a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax. Apex Inc. Partial Income Statement For the Year Ended December 31 b. Determine the earnings per common share for Apex Inc., including per-share amounts for unusual items. Enter answers in dollars and cents, rounding to the nearest whole cent. Apex Inc. Partial Income Statement For the Year Ended December 31 Earnings per common share