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TASK 1) INCOME STATEMENT & EPS (14 POINTS) Shown below is information relating to operations of Egnab Inc. for 2021: Continuing Operations Net Sales
TASK 1) INCOME STATEMENT & EPS (14 POINTS) Shown below is information relating to operations of Egnab Inc. for 2021: Continuing Operations Net Sales Cost & Expenses (incl. income taxes) Other Data Profit generated by the discontinued segment 2021 (net income tax). Gain on Disposal of discontinued segment (net income tax) Prior Period adjustment (net income tax) Extraordinary Loss (net income tax) US-Dollars 5,500,000 3,850,000 345,000 817,000 347,100 425,000 223,000 250,000 Extraordinary Gain (net income tax) Cash Dividend declared ($1.00 per share) Instruction: (show your calculations and round to 2 decimal places) In the space provided, create the Income Statement for Egnab Inc., calculate the relevant Net Income by Segments and in Total including and all related Earnings-Per-Share figures. Eganb Inc. has 550,000 shares of a single class of common stock outstanding throughput the year 2021. NET INCOME FROM CONTINUING OPERATIONS NET INCOME FROM DISCONTINUING OPERATIONS NET INCOME BEFORE EXTRAORDINARY ITEMS NET INCOME FROM EXTRAORDINARY ITEMS TOTAL NET INCOME SUB TOTALS NET INCOME EPS
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