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Presented below are selected ledger accounts of Splish Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $63,000 126,000 100,800 680,400 264,600 25,200 18,900 50,400 37,800 113,400 X Your answer is incorrect. Compute net income for 2020. Net income $ Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2020. (Round earnings per share to 2 decimal places, e.g. 1.58.) SPLISH CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax Income Tax Income From Continuing Operations Discontinued Operations, Net of Tax Net Income/(Loss) Earnings Per Share $