Presented below are selected ledger accounts of Sunland Corporation as of December 31, 2020.

Cash		$52,000
Administrative expenses		104,000
Selling expenses		83,200
Net sales		561,600
Cost of goods sold		218,400
Cash dividends declared (2020)		20,800
Cash dividends paid (2020)		15,600
Discontinued operations (loss before income taxes)		41,600
Depreciation expense, not recorded in 2019		31,200
Retained earnings, December 31, 2019		93,600
Effective tax rate 20%

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.)