Problem Set B 012-1. L012 Costs and experses fiecluding income tas on continang opentions 670.000 330.000 3,120.000 Gain on sale ot ental car buniness net of inax The hed 4,000,000 shares of capital stock tsanding theouphout the yem Instructions a. Prepare a condensed income statemost, inclading peoper presentation of the disconsiaoed retal car operatiotn and the estracndinary losns Include ahl sppropriate carninp per share b. Assueme thar you espect the peofability ef Pecifie rline oios by10pm next year and the peofnability of the renitall car operation to declane by 10 parcent What is your estimate of the company's net eaenings per share nest year? LO12-1, LO012-2, LO12-5, Showm below are data relating so the operations of Beach, Inc, daring 2015 LO12-8 PROBLEM 12.28 Format of an Income Statement and a Statement of Retained Earnings $37 400,000 Costs and expenses (ncluding applicaible income teves Operating income duning 2015 on segment of the business 205.000 discontinued near year-end (net of income taxen Loss on disposal of discontinued segment (net of income 510,000 930,000 tax benefe Extraordinary loss (net of income tax benefr Prior period adjustment increaso in 2014 amorfization 310,000 2.000,000 expense, net of income tax benet Gash dividends declared Inc, had 200,000 shares of S1 par value common stock and 100,000 shares of $6, 5100 pur b. Prepare a statement of retained earnings for the year ended December 31, 2015.As originally c. Compute the amount of cash dividend per share of comseoe stock declared by the board of a. Prepare a condensod income statement for 2015, incloding carnings per share statistics Beach, value preferred stock outstanding throeghout the year reported, retained earnings at December 31,2014, amounted to $10,700,000 directors for 2015. Assume no dividends in arrears on the peefcred sock