Swifty Corp. is a public company and has 100,000 common shares outstanding. In 2023, the company reported income from continuing operations before income tax of $3,143,600. Additional transactions not considered in the $3,143,600 are as follows: 1. 2. 3. 4. 5. In 2023, Swifty sold equipment for $162.400. The machine had originally cost $92,800 and had accumulated depreciation to date of $41,760. The company discontinued operations of one of its subsidiaries during the current year at a loss of $336.400 before tax. Assume that this transaction meets the criteria for discontinued operations. The loss on operation of the discontinued subsidiary was $104,400 before tax. The loss from disposal of the subsidiary was $232,000 before tax. The sum of $603,200 was received as a result of a lawsuit for a breached 2020 contract. Before the decision, legal counsel was uncertain about the outcome of the suit and Swifty had not established a receivable. In 2023, the company reviewed its accounts receivable and determined that $62,640 of accounts receivable that had been carried for years appeared unlikely to be collected. No allowance for expected credit losses was previously set up. An internal audit discovered that amortization of intangible assets was understated by $40,600 (net of tax) in a prior period. The amount was charged against retained earnings. Question 19 of 21 c > The amount was charged again reading Aralya the above information and prepare an estate 2023 starting with income from continuing operation income statement (Aune a total effective of dicantiunt day befind before income tax Calculate earnings per share as it should be shows ta rate of 25% on all items, unless there indicated to he wiory Round per share we to 2 decimal planes 5275 D D p Swifty Corp. . ASUS 3 W E R T Y U F A S D F O H J K L Z x C v B N M. 8