Take me to the text The following information was taken from the accounting records of Cutler Inc at April 30, 2016. Cutler Inc. is a private corporation and follows ASPE Assume a tax rate of 21%. During the year, no new shares were issued or redeemed. Preferred dividends were paid in full. Line Item Amount Prior-year error-debit to Retained Earnings $17,000 Income tax expense on operating income from discontinued operations $13,650 Total dividends $73,000 Common shares, 61,000 shares issued $220,000 Sales revenue $648,000 Interest expense $12,000 Operating income, discontinued operations $65,000 Loss due to lawsuit $14,000 Sales discounts $24,000 Income tax savings on sale of discontinued operations (sold at a loss) $4,410 General expenses $22,000 Income tax expense on continuing operations $62,160 Preferred shares, 58.00, 1.200 shares issued $67,000 Retained earnings, May 1, 2015 (prior to adjustment) $115,000 Loss on sale of discontinued operations $21,000 Cost of goods sold $280,000 Do not enter dollar signs of commas in the input boxes, Do not use the negative sigo a) Provide the values for the following items on the income statement for the year ended April 30, 2016. Net Sales Gross Profit Income From Operations Income before Taxes and Discontinued Operations S Income before Discontinued Operations Net Income b) Prepare a statement of retained earnings for Cutler Inc. for the year ended April 30, 2016. Cutler Inc Statement of Retained Earnings For the Year Ended April 30, 2016 Retained Earnings, May 1, 2015 Less: Correction to prior year error Retained Earnings, May 1, 2015, adjusted Net Income Cutler Inc. Statement of Retained Earnings For the Year Ended April 30, 2016 Retained Earnings, May 1, 2015 Less: Correction to prior year error Retained Earnings, May 1, 2015, adjusted Net Income Less: Dividends Retained Earnings, April 30, 2016 c) Calculated the EPS ratio. Round your answer to 2 decimal places Earnings per Share: $ Check