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12-2, LO12-5, The following data relate to the operations of Slick Software, Inc, during 2015. Continuing operations: $19,850,000 16,900,000 12.2A Net sales . . .. Costs and expenses (including applicable income tax,) Income a Statement rnings Other data: Operating income during 2015 on segment of the business discontinued near year-end (net of income ta Loss on disposal of discontinued segment (net of income 140,000 tax benefit) Extraordinary loss (net of income tax benefit) Prior period adjustment (increase in 2014 depreciation 550,000 900,000 expense, net of income tax benefit) 350,000 950,000 . . 551 Set A Instructions Prepare a condensed income statement for 2015, including earnings per share figures. Slick Software, Inc., had 200,000 shares of $1 par value common stock and 80,000 shares of $6.25, S100 par value preferred stock outstanding throughout the year a. b. Prepare a statement of retained earnings for the year ended December 31, 2015. As originally c. Compute the amount of cash dividend per share of common stock declared by the board of d. Assume that 2016 earnings per share is a single figure and amounts to $8.00. Assume also that reported, retained earnings at December 31, 2014, amounted to $7,285,000. directors for 2015. Assume no dividends in arrears on the preferred stock. there are no changes in outstanding common or preferred stock in 2016. Do you consider the $8.00 earnings per share figure in 2016 to be a favorable or unfavorable statistic in compari- son with 2015 performance? Explain