need help with the answers to fill into non grey boxes(correct)

1 2 Sunland Inc reported income from continuing operations before taxes during 2020 of $804,200. Additional transactions occurring in 2020 but not considered in the $804.200 are as follows. The corporation experienced an uninsured flood loss in the amount of $91,400 during the year At the beginning of 2018, the corporation purchased a machine for $57,600 (salvage value of 59,600) that had a useful life of 6 years. The bookkeeper used straight-line depreciation for 2018, 2019 and 2020. but failed to deduct the salvage value in computing the depreciation base. Sale of securities held as a part of its portfolio resulted in a loss of $60,400 (pretax). When its president died, the corporation realized $141.000 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $45.320 (the gain is nontaxable) The corporation disposed of its recreational division at a loss of $120.830 before taxes. Assume that this transaction meets the criteria for discontinued operations. The corporation decided to change its method of inventory pricing from average cost to the FIFO method. The effect of this change on prior years is to increase 2018 income by $54450 and decrease 2019 income by $18.440 before taxes. The FIFO method has been used for 2020. The tax rate on these items is 30% 3. 5 Prepare an income statement for the year 2020 starting with income from continuing operation before compte earnings per srce as it should be shown on the face of the income statement Common shares outstanding for the year 130730 shares me tax rate of 30% on all items, antess indicated otherwise (Round corniras por share to 2 decimal places 148 and all other answers to decimal places. 5.275.) SUNLAND INC. Income Statement (Partial) SUNLAND INC. Income Statement (Partial) For the Year Ended December 31, 2020 Income From Continuing Operations Before Income Tax Income Tax 483. 2234 Income From Continuing Operations 6174 Discontinued Operations $ Lars From Disposatot Recreational Division roolicable Income Tax Reduction 1201830 36.249 Income From Continuing Operations Before Income Tax Camins Per Share Income From Continuing Operation Disco Operations eTortbook and Media SUNLAND INC. Income Statement (Partial) For the Year Ended December 31, 2020 efore Income Tax $ 483,508 223,620 617,460 Division $ 120,830 i Reduction 36,249 i 84,581 s Before Income Tax $ 532,879 ions $ 3,69 .65 $ 334.947