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please calculate e 3. The following data relate to the operations of Delicious, Inc, during 2015 $87,40 TONU 21,500,000 205,000 Continuing operations: Net sales Costs

please calculate e
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3. The following data relate to the operations of Delicious, Inc, during 2015 $87,40 TONU 21,500,000 205,000 Continuing operations: Net sales Costs and expenses (including applicable income tax) Other data: Operating income during 2015 on segment of the business Discontinued near year-end Loss on disposal of discontinued segment (net of income tax benefit Extraordinary loss (net of income tax benefit) Prior period adjustment increase in 2014 amortization expense, net of income tax benefit Cash dividend declared $10,000 9130TOCOU 31OOOO 2.000.000 a) Prepare a condensed income statement for 2015 (13 points) Condensed Income Statement Net Income b) Prepare a statement of retained earnings for the year ended December 31, 2015. As originally reported, retained earnings at December 31, 2014, amounted to $10,700,000. (12 points) Statement of Retained Earnings Retained earnings, December 31, 2015 c) Calculate EPS using net income. Beach Inc, had 200,000 shares of common stock. Outstanding preferred stock value is $600,000. (5 points)

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