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The Monty Corporation had income from continuing operations of $12.1 million in 2023. During 2023, it disposed of its restaurant division at a loss
The Monty Corporation had income from continuing operations of $12.1 million in 2023. During 2023, it disposed of its restaurant division at a loss of $86,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $214,000 (net of tax of $135,000) in 2023. Blue Collar also had an unrealized gain-OCI of $44,000 (net of tax of $18,000) related to its FV-OCI equity investments. Monty had 10 million common shares outstanding during 2023. Prepare a partial statement of financial performance for Monty, beginning with income from continuing operations. Monty Corporation Partial Statement of Financial Performance Income from Continuing Operations Discontinued Operations Loss on Disposal of Restaurant Division(Net of Tax) For the Year Ended December 31, 2023 86000 i Loss from Operation of discontinued Restaurant Division (Net of Tax) 214000 i Net Income/(Loss) Other Comprehensive Income Items that will not be recycled subsequently to net income or loss: Unrealized Gain on FV-OCI Investments (Net of Tax) Gross Profit/(Loss) Calculate earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Earnings Per Share: 1.18 $ 121000
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