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ir 64. Given the following information about a corporation's current year activities, answer the questions below points) Sales Cost of goods sold Other operating expenses

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ir 64. Given the following information about a corporation's current year activities, answer the questions below points) Sales Cost of goods sold Other operating expenses Depreciation expense Income from operation of discontinued division net of 10.800 tax Loss from disposal of discontinued division net of 18,000 tax benefit Extraordinary loss from storm net of 15,000 tax benefit Gain from sale of equipment 28,000 Interest revenue Loss from lawsuit Interest Expense $750,000 370,000 198,000 25,000 40,800 75,000 27,000 11,000 5,500 17,000 Prepare an income statement as we did in class using an income tax rate of 30% The income statement present the following amounts (1) Income from continuing operations (2) Income before extraordinary items (3) Net income after taxes (4) Earnings per share with number of shares outstanding 75,000

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