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The following are partial income statement account balances taken from the December 31, 2024, year-end trial balance of White and Sons, Incorporated: restructuring costs, $420,000;
The following are partial income statement account balances taken from the December 31, 2024, year-end trial balance of White and Sons, Incorporated: restructuring costs, $420,000; interest revenue, $52,000; before-tax loss on discontinued operations, $520,000; and loss on sale of investments, $62,000Income tax expense has not yet been recorded. The Income tax rate is 25% Prepare the lower portion of the 2024 Income statement beginning with $860,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 120,000 shares of common stock outstanding throughout the year Note: Loss amounts should be indicated with a minus sign. Round "EPS" answers to 2 decimal places
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