Ivanhoe Corporation had income from operations of $6,512,600. In addition, it suffered an unusual and infrequent pretax loss of $776,800 from a volcano eruption, interest revenue of $18,360, and a write-down on buildings of $54,710. The corporations tax rate is 30%. Prepare a partial income statement for Ivanhoe beginning with Income from operations. The corporation had 4,928,300 shares of common stock outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.)

IVANHOE CORPORATION

Income Statement

For the Year Ended December 31, 2017

Income from operations $6,512,600

Other Revenues and Gains

Interest Revenue $18,360

Total $6,530,960

Other Expenses and Losses

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Net Income/Loss ______________