Presented below are selected ledger accounts of Pina Corporation as of December 31, 2017 Cash $60,200 Administrative expenses 106,000 Selling expenses 84,340 Net sales 556,000 Cost of goods sold 262,000 Cash dividends declared (2017) 22,310 Cash dividends paid (2017) 24,600 Discontinued operations (loss before income taxes) 49,600 Depreciation expense, not recorded in 2016 32,100 Retained earnings, December 31, 2016 93,380 Effective tax rate 30% Compute net income for 2017 Net Income Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 19,400 shares of common stock were outstanding during 2017. (Round earning per Share to 2 decimal places, e.g. 1.58.) PINA CORPORATION Income Statement