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The Marigold Corporation had income from continuing operations of $13.0 million in 2017. During 2017, it disposed of its restaurant division at an after-tax loss
The Marigold Corporation had income from continuing operations of $13.0 million in 2017. During 2017, it disposed of its restaurant division at an after-tax loss of $80,000. Before the disposal, the division operated at a loss of $251.000 (net of tax) in 2017. Marigold also had an unrealized gain-OCI of $41, 300 (net of tax) related to its PV-OCI investments. Merged had 10 million common shares outstanding during 2017. Prepare a partial statement of comprehensive income for Marigold, beginning with income from continuing operations. Calculate earnings per state. (Round answers to decimal places, e.g. 52.74.)
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