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Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014. Cash $59,500 Administrative expenses 107,200 Selling expenses 82,100 Net sales 555,600

Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014.

Cash $59,500
Administrative expenses 107,200
Selling expenses 82,100
Net sales 555,600
Cost of goods sold 263,900
Cash dividends declared (2014) 23,900
Cash dividends paid (2014) 16,000
Discontinued operations (loss before income taxes) 48,300
Depreciation expense, not recorded in 2013 30,800
Retained earnings, December 31, 2013 92,700

Effective tax rate 30%

Net income=

Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 19,900 shares of common stock were outstanding during 2014.

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