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Novak Corporation had income from continuing operations of $ 1 0 , 6 8 5 , 3 0 0 in 2 0 2 5 .

Novak Corporation had income from continuing operations of $10,685,300 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $207,200. Prior to disposal, the division operated at a loss of $315,300(net of tax ) in 2025(assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Novak had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Novak beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g.1.48.)
NOVAK CORPORATION
Income Statement (Partial)
For the Year EndQDecember 31,2025
Income from Continuing Operations
Discontinued Operations
Loss on Disposal of Restaurant Division
Loss from Operations of Discontinued Restaurant Division
Earnings per Share
Income from Continuing Operations
Loss from Operations of Discontinued Division
Loss on Disposal of Discontinued Operations
Discontinued Operations
Net Income /(Loss)
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