Shown below are data relating to the operations of Beach, Inc., during 2015. LOI2-I, LOI2-2, LOI2-5, LO12-8 PROBLEM 12.2B Format of an Income Statement and a Statement of Retained Earnings $37,400,000 21,500,000 Continuing operations: Net sales Costs and expenses (including applicable income taxes). Other data: Operating income during 2015 on segment of the business discontinued near year-end (net of income taxes). Loss on disposal of discontinued segment (net of income tax benefit) .......... Extraordinary loss (net of income tax benefit) Prior period adjustment (increase in 2014 amortization expense, not of income tax benefit) ..... Cash dividends declared ... 205,000 510,000 930,000 310,000 2,000,000 Instructions 5. Prepare a condensed income statement for 2015, including earnings per share statistics. Beach, Inc., had 200,000 shares of S1 par value common stock and 100,000 shares of S6, S100 par value preferred stock outstanding throughout the year. b. Prepare a statement of retained earnings for the year ended December 31, 2015. As originally reported, retained earnings at December 31, 2014, amounted to $10,700,000. e. Compute the amount of cash dividend per share of common stock declared by the board of directors for 2015. Assume no dividends in arrears on the preferred stock