Question 19 of 20 < > 0.53 / 0.65 Sheffield Corporation had income from operations of $6,318,500. In addition, it suffered an unusual and infrequent pretax loss of $786,000 from a volcano eruption, interest revenue of $18,580, and a write-down on buildings of $55,420. The corporation's tax rate is 30%. Prepare a partial income statement for Sheffield beginning with Income from operations. The corporation had 4,932,200 shares of common stock outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.48.) SHEFFIELD CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Income from Operations Other Revenues and Gains Interest Revenue Other Expenses and Losses Loss due to Volcano Eruption $ 786000 $ 6318500 18580 i 6299920 Question 19 of 20 < > Other Expenses and Losses Loss due to Volcano Eruption 786000 i Impairment Loss - Building Income before Income Tax Income Tax Net income/(Loss) Earnings per Share of Common Stock Net income/(Loss) 55420 i $ 0.53 / 0.65 E !!! 6299920 841420 0.78