Question 17 of 20 < > Presented below are selected ledger accounts of Novak Corporation as of December 31, 2025. Cash $64,000 Administrative expenses 128,000 Selling expenses 102,400 Net sales 691,200 Cost of goods sold 268,800 Cash dividends declared (2025) 25,600 Cash dividends paid (2025) 19,200 Discontinued operations (loss before income taxes) 51,200 Depreciation expense, not recorded in 2024 38,400 Retained earnings, December 31, 2024 115,200 Effective tax rate 20% 0.49 / 0.65 Question 17 of 20 < > (a) Your answer is correct. Compute net income for 2025. Net income eTextbook and Media 112640 0.49 / 0.65 III Attempts: 1 of 4 used Question 17 of 20 < > (b) Your answer is partially correct. 0.49 / 0.65 Prepare a partial income statement beginning with income from continuing operations before income tax, and include appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.58.) NOVAK CORPORATION Income Statement For the Year Ended December 31, 2025 Income from Continuing Operations before Income Tax Income Tax Income from Continuing Operations III E E Question 17 of 20 < > Income from Continuing Operations before Income Tax Income Tax Income from Continuing Operations Discontinued Operations. Net of Tax Net Income/(Loss) Earnings per Share Income from Continuing Operations Loss on Discontinued Operations Net Income / (Loss) : $ $ $ 0.49 A