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The following income statement items appeared on the adjusted trial balance of Foxworthy Corporation for the year ended December 31, 2016 ($ in 000s): Sales

The following income statement items appeared on the adjusted trial balance of Foxworthy Corporation for the year ended December 31, 2016 ($ in 000s):

Sales revenue, $22,300;

Cost of goods sold, $14,500;

Selling expenses, $2,300;

General and administrative expenses, $1,200;

Dividend revenue from investments, $200;

Interest expense, $300 The company's income tax rate is 40% on all items of income or loss. These revenue and expense items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2016 (S in 000s). All transactions are material in amount.

  1. Foxworthy had unrealized losses of $200 for the year on investments.
  2. One of the company's factories was closed during the year. Restructuring costs incurred were $2,000.
  3. During the year, Foxworthy completed the sale of one of its operating divisions that qualifies as a component of the entity according to AAP regarding discontinued operations. The division had incurred operating income of $800 in 2016 prior to the sale, and its assets were sold at a loss of $1,800.
  4. Foreign currency translation gains for the year totaled $600.

Required:

Prepare Foxworthy's partial income statement (starting from Income from continuing operations before income tax), including earnings per share (EPS) disclosures. Also prepare statement of comprehensive income for

2016. Two million shares of common stock were outstanding throughout the year.

Note: Please only use NUMBER (do not use comma or any other symbols), for example, 15000. If the number is negative, use negative sign, for example, -15000. Please also make sure the spelling is correct when preparing the statement. Foxworthy Manufacturing Corporation

Partial Income Statement

For the Year Ended December 31, 2016

($ in 000s)

Income from continuing operations before income tax

1900

income tax expensi

(760)

income from contiu

1140

Discontinued Operations:

income from operat

(Intentionally to be blank)

(1000)

income tax expens

400

loss from discontine

(600) Net Income

Earnings Per Shares:

(600)

60

(Intentionally to be blank)

0.57

Income from continuing operations

(0.30)

Discontinued operations

0.03

Net Income

Earnings Per Shares:

(Intentionally to be blank)

Income from continuing operations

0.57

Discontinued operations

(0.30)

Net Income

0.03

Foxworthy Manufacturing Corporation

Statement of Comprehensive Income

For the Year Ended December 31, 2016

($ in 000s)

netincome

60

Other comprehensive income: Other comprehensive income:

unrealize loss from i

(Intentionally to be blank)

(120)

gain from foreign c

360

240

comprehensive inc

300

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