This is part B of the question.

instead 2014 its 2020 for the income statement.

ignment Exercise 4-08 (Part Level Submission) Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $50,000 100,000 80,000 540,000 210,000 20,000 15,000 40,000 30,000 90,000 (a) x Your answer is incorrect. Try again Compute net income for 2020. Net income Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT (b) Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10,000 shares of common stock were outstanding during 2014