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Presented below is financial information of the Sheridan Corporation fo Gain on the sale of investments 176,000 Net sales 49,500,000 Cost of goods sold 34,100,000
Presented below is financial information of the Sheridan Corporation fo Gain on the sale of investments 176,000 Net sales 49,500,000 Cost of goods sold 34,100,000 Loss on disposal of wholesale division 737,000 Interest revenue 115,500 3- Loss on operations of wholesale division 759,000 Selling and administrative expenses 9,020,000 Dividends declared on common stock 374,000 Write off of goodwill 858,000 Dividends declared on preferred stock 132,000 Effective tax rate on all items is 35% Sheridan Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On Ju Sheridan 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, e.g. 5.25 and all other answers to decim 5,275.) 1 Income from operations $ 2. Income before income tax $ 3 Income from continuing operations $ 4. Net income $ 5. Earnings per share $
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