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The following information was taken from the records of Wildhorse Inc. for the year 2025: Income tax applicable to income from continuing operations $213,180,
The following information was taken from the records of Wildhorse Inc. for the year 2025: Income tax applicable to income from continuing operations $213,180, income tax applicable to loss on discontinued operations $29,070, and unrealized holding gain on available-for-sale debt securities (net of tax) $17,100. Gain on sale of equipment $108,300 Cash dividends declared $171,000 Loss on discontinued operations 85,500 Retained earnings January 1, 2025 2,520,000 Administrative expenses 273,600 Cost of goods sold 969,000 Rent revenue 45,600 Selling expenses 342,000 Loss on write-down of inventory 68,400 Sales revenue 2,166,000 Shares outstanding during 2025 were 100,000. O (a) 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) tv
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