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Lambertini Corporation gathered the following information on December 31, 2021 USD'000 Cost of goods sold 510 000 Cumulative effect of a change in inventory method

Lambertini Corporation gathered the following information on December 31, 2021
USD'000
Cost of goods sold 510 000
Cumulative effect of a change in inventory method (credit) 25 000
Extraordinary gain 20 000
Gain on sale of equipment 20 000
Interest expense 30 000
Loss on sale of discontinued operations 15 000
Operating expenses 175 000
Operating income from discontinued operations 35 000
Prior-period adjustment-debit to retained earnings 17 000
Sales revenue 892 000
Treasury stock, common 38 000
Income tax expense (savings):
Continuing operations 62 000
Discontinued operations:
Operating income 14 000
Loss on sale - 6 000
Extraordinary gain 8 000
Cumulative effect of change in inventory method 10 000
Required:
Complete the income statement for Lambertini Corporation, including earnings per share figures.
Lambertini Industries has 10,000 shares of a single class of common stock outstanding during the year.
Lambertining corporation operates in the USA and is governed by the US GAAP

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