The following balances from the books of Careless Corporation are given on March 31, 2012, which is the end of the accounting year. 600,00 200,000 160,000 Net Sales 0 Cost of goods sold Administration expenses Selling expenses 40,000 Restructuring costs 80,000 Dividend income 12,000 Income from discontinued operations 30,000 Loss from disposal of discontinued segment 10,000 A tax rate of 40% is charged on all income unless otherwise specified Required: (a) Prepare an income statement for the company in good form at the end of the year. (b) Calculate the EPS at the end of the accounting year. The company had 100,000 shares of common stock issued and outstanding as on that date