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

Cash		$50,000
Administrative expenses		100,000
Selling expenses		80,000
Net sales		540,000
Cost of goods sold		210,000
Cash dividends declared (2020)		20,000
Cash dividends paid (2020)		15,000
Discontinued operations (loss before income taxes)		40,000
Depreciation expense, not recorded in 2019		30,000
Retained earnings, December 31, 2019		90,000
Effective tax rate 20%

Net Income = 88,000

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.)

Income From Continuing Operations Before Income Tax	150,000
Income Tax
Income From Continuing Operations
Discontinued Operations, Net of Tax	32,000
Net Income/ (Loss)
Earnings Per Share:
Income From Continuing Operations
Loss on Discontinued Operations, Net of Tax	3.20
Net Income