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The following information was taken from the records of Oriole Inc. for the year 2025: Income tax applicable to income from continuing operations $289,000;
The following information was taken from the records of Oriole Inc. for the year 2025: Income tax applicable to income from continuing operations $289,000; income tax applicable to loss on discontinued operations $37,400; income tax applicable to unusual gain $44,200; income tax applicable to unusual loss $28,220; and unrealized holding gain on available-for-sale securities, net of taxes, $22,000. Unusual gain $130,000 Cash dividends declared $190,000 Loss on discontinued operations 110,000 Retained earnings January 1, 2025 790,000 Administrative expenses 310,000 Cost of goods sold 1,200,000 Rent revenue 60,000 Selling expenses 400,000 Unusual loss 83,000 Sales 2,700,000 Shares outstanding during 2025 were 100,000. Prepare a single-step Income statement for 2025. (Round earnings per share to 2 decimal places, eg 1.48) ORIOLE INC. Income Statement For the Year Ended December 31, 2025 Revenues Sales Rent Revere Unusual Gain Total Revenues Expenses Cost of Goods Sold Selling Exper Administrative Expenses Unnual Las Total Expe Income before Takes Income Taxes Income from Continuing Operations V Discontinued Operations Loic on Discontinued Operations Les V Income Taxes Net Income/Loss) 2700000 60000 130000 1200000 400000 310000 i 83000 $10000 i Per Share of Common Stock Income from Continuing Operations Y Loss on Discontinued Operation Per Share of Common Stock $ 290000 1993000 289000
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