Stellar Inc. reported income from continuing operations before taxes during 2017 of $815,700. Additional transactions occurring in 2017 but not considered in the $815,700are as follows.

1.	The corporation experienced an uninsured flood loss in the amount of $96,900during the year.
2.	At the beginning of 2015, the corporation purchased a machine for $57,600(salvage value of $9,600) that had a useful life of6years. The bookkeeper used straight-line depreciation for 2015, 2016, and 2017, but failed to deduct the salvage value in computing the depreciation base.
3.	Sale of securities held as a part of its portfolio resulted in a loss of $61,100(pretax).
4.	When its president died, the corporation realized $153,500from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $46,790(the gain is nontaxable).
5.	The corporation disposed of its recreational division at a loss of $119,180before taxes. Assume that this transaction meets the criteria for discontinued operations.
6.	The corporation decided to change its method of inventory pricing from average-cost to the FIFO method. The effect of this change on prior years is to increase 2015 income by $55,530and decrease 2016 income by $21,980before taxes. The FIFO method has been used for 2017. The tax rate on these items is40%.

Prepare an income statement for the year 2017 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are128,790shares. (Assume a tax rate of30% on all items, unless indicated otherwise.)(Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 5,275.)

STELLARINC. Income Statement (Partial) December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$
AddLess: Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxApplicable Income Tax ReductionLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues:
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Discontinued OperationsDividendsEarnings Per ShareExpensesIncome From Continuing OperationsIncome From Continuing Operations Before Income TaxIncome Tax ExpenseLoss From Disposal of Recreational DivisionMajor Casualty LossNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues	$