Presented below are selected ledger accounts of Bonita 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% $48,000 96,000 76,800 518,400 201,600 19.200 14,400 38,400 28,800 86,400 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, eg. 1.58.) BONITA CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax 105600 Income Tax 21120 Income From Continuing Operations Loss on Discontinued Operations, Net of Tax $ 94480 Earnings Per Share >> Income From Continuing Operations Loss on Discontinued Operations. Net of Tax Net Income / Loss