Presented below is the final adjusted trial balance of the 2016 year-end account balances of Average Joe, a merchandising company.

Other relevant information:

Average Joe disposed of their Widget Division during 2016.

Average Joe had 40,000 common shares outstanding during 2016.

Average Joe paid $20,000 in dividends on common stock, and $0 in preferred dividends in 2016.

Assume a tax rate of 35% for all income statement items.

1- What is income from continuing operations for 2016? 2- What is income before extraordinary items for 2016? 3- What is net income for 2016? 4- What is income from continuing operations per share for 2016? 5- What is net income per share for 2016?

Cougar Corp Adjusted Trial Balance - December 2016 Account:s Accounis Payable Accounts Recrivable DebitCredit 40,000 80,000 20,000 46,000 194,000 47,000 Common Stock Cost of Goods Sold 236,000 400,000 1,000 167,000 Income from operations ofWidget Division 10,000 Loss fum earihake damage Loss from dksposal ofWidget Division 40,000 8,000 22,000 balance for 2016 Rent Revenne Sales Reven ne Seng Kspenses 86,000 6.000 678,000 72,000 3,000 4,000 Total 1,080,000 1,080,000