Kingbird Corp. has 149,380 shares of common stock outstanding. In 2025 , the company reports income from continuing operations before income tax of $1,222,500. Additional transactions not considered in the $1,222,500 are as follows. 1. In 2025 , Kingbird Corp. sold equipment for $38,400. The machine had originally cost $84,800 and had accumulated depreciation of $31,900. The gain or loss is considered non-recurring. 2. The company discontinued operations of one of its subsidiaries during the current year at a loss of $190,800 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $92,900 before taxes; the loss from disposal of the subsidiary was $97,900 before taxes. 3. An internal audit discovered that amortization of intangible assets was understated by $39,700 (net of tax) in a prior period. The amount was charged against retained earnings. 4. The company recorded a non-recurring gain of $127,600 on the condemnation of some of its property (included in the $1,222,500). Analyze the above information and prepare an income statement for the year 2025 , starting with income from continuing operations before income tax. Compute earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 19% on all items, unless otherwise indicated.) (Round earnings per share to 2 decimal places, e.g. 1.47.) Income before Income Tax $1208000 Income Tax 229520978480 Discontinued Operations Loss from Operations of Discontinued Subsidiary $75249 Loss from Disposal of Subsidiary 81162 Net Income / (Loss) Earnings per Share $ Net Income / (Loss) $22069 Earnings per Share $ Net Income / (Loss)