Marigold Corp. has 150,890 shares of common stock outstanding. In 2020, the company reports Income from continuing operations before income tax of $1,213,700. Additional transactions not considered in the $1,213,700 are as follows. 1. 2. In 2020, Maricold Corp. sold equipment for $37,000. The machine had originally cost $82,400 and had accumulated depreciation of $31,600. The gain or loss is considered non-recurring. The company discontinued operations of one of its subsidieries during the current year at a loss of $190.700 before taxes. Assume that this transaction meets the criteria for discontinued Operations. The loss from operations of the discontinued subsidiary wes $94,900 berore taxes; the loss from disposal of the subsidiary was $101,800 before taxes. An internal audit discovered that amortization of intangible assets was understated by $38,300 (net of tax) in a prior period. The amount was charged against retained earnings. The company recorded a non-recurring pain of $129,100 on the condemnation of some of its property (included in the $1,213,700). 3. 4. Analyze the above information and prepare an income statement for the year 2020, starting with income from continuing operations before income tax, Compute eamings 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.) MARIGOLD CORP. Income Statement (Partial) For the Year Ended December 31, 2020 : T Income From Continuing Daerations Before Income Tax : Income Tax : Tincome From Continuing Darations : Discontinued Operations Loss from Operations of Discontinued Subsidiary les Applicable Income Tax Reduction Tloss from Disposal of Subsidiary 1 a. Apollcable Income Tax Reduction T Net Income /(L055 Earnings Per Share Income From Continuing Operations T Discontinued Operations, Net of Tax Net Income / (Loss)