Ningbira inc. reported income from continuing operations before taxes during 2017 of $2,125,000. Additional transactions occurring in 2017 but not considered in the $2,125,000 are as follows. 1. Again of $101,000 (pretax) as a result of selling securities from its investment portfolio 2. A $15,000 loss before taxes as a result of operating the discontinued clothing division during 2017 3. A loss of $60,000 before taxes as a result of disposing of its clothing division. Assume that this transaction meets the criteria for discontinued operations. 4. An uninsured $120,000 loss due to a fire. 5. At the beginning of 2015, the corporation purchased a machine for $200,000 (salvage value of $20,000) that had a useful life of 10 years. The bookkeeper used straight-line depreciation for 2015, 2016, and 2017, but failed to deduct the salvage value in computing the depreciation base. 6. 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 2015 income by $50,000 and decrease 2016 income by $10,000 before taxes. The FIFO method has been used for 2017 Prepare an income statement for the year 2017 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are 400,000 shares. (Assume a tax rate of 30% on all items.) (Round earnings per share to 2 decimal places, eg. 1.48 and all other answers to decimal places, eg. 5,275.) Blue Spruce Corporation began operations on January 1, 2020 when $226,000 was invested by shareholders of the company. On March 1, 2020, Blue Spruce purchased for cash $108,000 of debt securities that it classified as available- for-sale. During the year, the company received cash interest of $7,200 on these securities. In addition, the company has an unrealized holding loss on these securities of $13,600 net of tax. Determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2020). (Enter negative amounts using either a negative sign preceding the number eg.-15 or parentheses eg. (15).) (a) Net income (b) Comprehensive income/loss (c) Other comprehensive income (13,600) (d) Accumulated other comprehensive income/loss $