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Presented below are selected ledger accounts of Blossom Corporation as of December 31, 2017. Cash $123,000 Administrative expenses 251,000 Selling expenses 201,000 Net sales 1,362,000

Presented below are selected ledger accounts of Blossom Corporation as of December 31, 2017.

Cash $123,000
Administrative expenses 251,000
Selling expenses 201,000
Net sales 1,362,000
Cost of goods sold 521,000
Cash dividends declared (2017) 45,000
Cash dividends paid (2017) 41,000
Discontinued operations (loss before income taxes) 99,000
Depreciation expense, not recorded in 2016 74,000
Retained earnings, December 31, 2016 224,000
Effective tax rate = 30%

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 2017

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