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Martin Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1. Martin sold the wholesale operations. During 2020, there

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Martin Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1. Martin sold the wholesale operations. During 2020, there were 1.600 shares of common stock outstanding all year. Instructions: From the pre-tax financial information below, prepare a partial income statement down to income from continuing operations. Include all appropriate income statement line items, up to and including income from continuing operations. Do not go beyond this figure. If applicable, round EPS to two decimals; all others round to whole dollars. Gain on the sale of Loss on operations of $ 160 690 investments wholesale division Dividends declared on Net sales 80,000 340 common stock Dividends declared on Cost of goods sold 31,000 120 preferred stock Loss on disposal of Selling and administrative 670 8.200 wholesale division expenses Effective tax rate on all Interest revenue 105 30% items

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