Question 2 of 12

View Policies Current Attempt in Progress The ledger of Oriole Corporation at November 30, 2024, contains the following summary data: Cash dividends- common Cash dividends- preferred Common shares Cost of goods sold Depreciation 25% income tax rate Search 60

-/18 :,000 85,000 S

The ledger of Oriole Corporation at November 30, 2024, contains the following summary data: Your analysis reveals the following additional information: Your analysis reveals the following additional information: 1. The company has a \25 income tax rate. 2. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was \\( \\$ 18,000 \\) before income tax. The division was sold at a loss of \\( \\$ 77,500 \\) before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1,2023 , with no changes during the year. Prepare a multiple-step income statement for the year. (Round earnings per share to 2 decimal places, eg. 15.25.)