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Swifty Corp, has 149,190 shares of common stock outstanding. In 2025, the company reports income from continuing operations before income tax of $1,211,100. Additional transactions

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Swifty Corp, has 149,190 shares of common stock outstanding. In 2025, the company reports income from continuing operations before income tax of $1,211,100. Additional transactions not considered in the $1,211,100 are as follows. 1. In 2025, swifty Corp. sold equipment for $37,400. The machine had originally cost $84,500 and had accumulated depreciation ot $32,900. The gain or loss is considered non-recurring. 2. The compary discontinued operations of one of its subsidlaries during the current year at a loss of $190,800 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $91,700 before taxes, the loss from disposal of the subsidiary was $99,100 before taxes. 3. An internal audit discovered that amortization of intangble assets was understated by $35,800 (net of tax) in a prior period. The amount was charged against retained earnings. 4. The company recorded a non-recurring gain of $127,200 on the condensation of some of its property (included in the $1.211,100) Analyze the above information and prepore an income statement for the year 2025, starting with income from continuing operations before income tax. Compute earnings per share as it shouid be thown on the face of the income statement. (Assume a total effective tax rate of 19% on all items, unless otherwive indicated) (Round earnings per share to 2 decimal ploces, e.g. 1.47, SWIFTY CORP. Income Statement (Partial)

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