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Presented below is an income statement for Kinder Company for the year ended December 31, 2017. Kinder Company Income Statement For the Year Ended December

Presented below is an income statement for Kinder Company for the year ended December 31, 2017.

Kinder Company Income Statement For the Year Ended December 31, 2017
Net sales $849,740
Costs and expenses:
Cost of goods sold 562,300
Selling, general, and administrative expenses 75,590
Other, net 29,720
Total costs and expenses 667,610
Income before income taxes 182,130
Income taxes 54,639
Net income $127,491

Additional information:

1. "Selling, general, and administrative expenses" included a usual but infrequent charge of $7,520 due to a loss on the sale of investments.
2. "Other, net" consisted of interest expense, $10,350, and discontinued operations loss of $19,370 before taxes. If the discontinued operations had not occurred, income taxes for 2017 would have been $60,450 instead of $54,639.
3. Kinder had 20,000 shares of common stock outstanding during 2017.

Using the single-step format, prepare a corrected income statement, including the appropriate per share disclosures. (Round earnings per share to 2 decimal places, e.g. $1.48.)

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