Presented below are selected ledger accounts of Windsor Corporation as of December 31, 2017. Cash $123.000 Administrative expenses 250,000 Selling expenses 202,000 1,340,000 527,000 52,000 36,400 Net sales Cost of goods sold Cash dividends declared (2017) Cash dividends paid (2017) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2016 Retained earnings, December 31, 2016 Effective tax rate -30% 100,000 75,000 224.000 (a) Your answer is correct. Compute net income for 2017 Net income 182700 eTextbook and Media Attempts: 4 of 12 used (b) 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, eg. 1.58. Enter loss using-sign before the number or in parantheses, eg.-5,125 or (5,125).) WINDSOR CORPORATION Income Statement December 31, 2017