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Presented below is financial information of the Blossom Corporation for 2020 80,000 22,500,000 15,500,000 335,000 52,500 Gain on the sale of investments Net sales Cost

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Presented below is financial information of the Blossom Corporation for 2020 80,000 22,500,000 15,500,000 335,000 52,500 Gain on the sale of investments Net sales Cost of goods sold Loss on disposal of wholesale division Interest revenue Loss on operations of wholesale division Selling and administrative expenses Dividends declared on common stock Write off of goodwill Dividends declared on preferred stock Effective tax rate on all items is 20% 345,000 4,100,000 170,000 390,000 60,000 Blossom Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations on July 1, Blossom sold the wholesale operations. During 2020, there were 800,000 shares of common stock outstanding all year. Compute each of the following (Round earnings per share answer to 2 decimal places, es 5.25 and all other answers to decimal places, es 5,275) 1 Income from operations 2 Income before income tax 3 Income from continuing operations $ 4 Net Income 5 Earnings per share $ Save for Loter Attempts of I used Submit

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