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Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014 Cash $62,000 Administrative expenses 105,600 Selling expenses 80,900 Net sales 553,600

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

Cash $62,000

Administrative expenses 105,600

Selling expenses 80,900

Net sales 553,600

Cost of goods sold 263,300

Cash dividends declared (2014) 20,700

Cash dividends paid (2014) 18,900

Discontinued operations (loss before income taxes) 48,600

Depreciation expense, not recorded in 2013 33,800

Retained earnings, December 31, 2013 98,600

Effective tax rate 30%

Net Income for 2014 38,640

Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 19,200 shares of common stock were outstanding during 2014.

TUCKER CORPORATION Income Statement For the Year Ended December 31, 2014

Income from Continuing Operations before Income Tax ??

Income Tax ??

Income from Continuing Operations ??

Discontinued Operations, Net of Tax ??

Net Income (Loss) ??

Earnings Per Share:

Income from Continuing Operations ??

?? ??

Net Income/(Loss) ??

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