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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

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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 expense $1,000,000 Loss from discontinued operations $240,000 Weighted average number of shares outstanding 20,000 Applicable tax rate *Net of any tax effect. a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax expense, Apex Inc. Partial Income Statement For the Year Ended December 31 40% b. Determine the earnings per common share for Apex Inc., including per share amounts for unusual items Check My Work

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