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Tamarisk Corporation had income from continuing operations of $10,763,000 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of
Tamarisk Corporation had income from continuing operations of $10,763,000 in 2025. During 2025, it disposed of its restaurant division at an after-tax loss of $201,600. Prior to disposal, the division operated at a loss of $324,000 (net of tax) in 2025 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Tamarisk had 10,000,000 shares of common stock outstanding during 2025. Prepare a partial income statement for Tamarisk beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.) TAMARISK CORPORATION Income Statement (Partial) eTextbook and Media Assistance Used
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