Presented below are selected ledger accounts of Tamarisk Corporation as of December 31, 2017 Cash $124,000 Administrative expenses 249,000 Selling expenses 200,000 Net sales 1,351,000 528,000 Cost of goods sold Cash dividends declared (2017) Cash dividends paid (2017) 49,000 39,600 101,000 Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2016 75,000 Retained earnings, December 31, 2016 223,000 Effective tax rate = 30% Your answer is correct. Compute net income for 2017. Net income $ 191100 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. (Round earnings per share to 2 decimal places, e.g. 1.58. Enter loss using - sign before the number or in parantheses, c.8. -5,125 or (5,125).) TAMARISK CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax : Income Tax Income From Continuing Operations MOTO Discontinued Operations, Net of Tax Net Income / (Loss) Earnings Per Share Income From Continuing Operations TAMARISK CORPORATION Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations Before Income Tax $ Income Tax IN Income From Continuing Operations Discontinued Operations, Net of Tax Net Income /(Loss) Earnings Per Share Income From Continuing Operations $ 10 Discontinued Operations, Net of Tax Net Income /(Loss)