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The following information was taken from the records of Splish Inc. for the year 2025: Income tax applicable to income from continuing operations $235,620, income
The following information was taken from the records of Splish Inc. for the year 2025: Income tax applicable to income from continuing operations $235,620, income tax applicable to loss on discontinued operations $32,130, and unrealized holding gain on available-for-sale debt securities (net of tax) $18,900. Gain on sale of equipment $119,700 Cash dividends declared $189,000 Loss on discontinued operations 94,500 Retained earnings January 1, 2025 3,240,000 Administrative expenses 302,400 Cost of goods sold 1,071,000 Rent revenue 50,400 Selling expenses 378,000 Loss on write-down of inventory 75,600 Sales revenue 2,394,000 Shares outstanding during 2025 were 100,000. Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, eg. 1.48. Enter other revenue and gains before other expenses and losses) SPLISH INC. Income Statement Administrative Expenses $ $
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