Presented below are selected ledger accounts of Concord Corporation as of December 31, 2025. Cash Administrative expenses $44,000 88,000 Selling expenses Net sales 70,400 475,200 Cost of goods sold 184,800 Cash dividends declared (2025) 17,600 Cash dividends paid (2025) 13,200 Discontinued operations (loss before income taxes) 35,200 Depreciation expense, not recorded in 2024 26,400) Retained earnings, December 31, 2024 79,200 Effective tax rate 20% Your answer is correct. Compute net income for 2025. Net income eTextbook and Media 77440 Attempts: 2 of 5 used Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, eg. 1.58.) CONCORD CORPORATION Income Statement For the Year Ended December 31, 2025 Income from Continuing Operations before Income Tax Income from Continuing Operations before Income tax $ Presented below are selected ledger accounts of Concord Corporation as of December 31, 2025. Cash $44,000 Administrative expenses 88,000 Selling expenses 70,400 Net sales 475,200 Cost of goods sold 184,800 Cash dividends declared (2025) 17,600 Cash dividends paid (2025) 13,200 Discontinued operations (loss before income taxes). 35,200 Depreciation expense, not recorded in 2024 26,400 Retained earnings, December 31, 2024 79,200 Effective tax rate 20% Presented below are selected ledger accounts of Concord Corporation as of December 31, 2025. Cash Administrative expenses $44,000 88,000 Selling expenses 70,400 Net sales 475,200 Cost of goods sold 184,800 Cash dividends declared (2025) 17,600 Cash dividends paid (2025) 13,200 Discontinued operations (loss before income taxes) 35,200 Depreciation expense, not recorded in 2024 26,400 Retained earnings, December 31, 2024 79,200 Effective tax rate 20%