Wade Corporation has 150,000 shares of common stock outstanding. In 2014, the company reports income from continuing operation after income tax of $750,200. Additional transactions not considered in the $750,200 are as follows: In 2014, Wade Corp. sold equipment for $40,000. The machine had originally cost $80,000 and had accumulated depreciation of $30,000. The gain or loss is considered ordinary. The company discontinued operations of one of its subsidiaries during the current year at a loss of $190,000 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $90,000 before taxes: the loss from disposal of the subsidiary was $100,000 before taxes. The company had a gain of $125,000 on the condemnation of much of its property. Required. Analyze the above information and prepare an income statement for the year 2014, starting with income from continuing operations before tax. Compute earnings per share as it should be shown on the face of the income statement. Assume a total effective tax rate of 38% on all items, unless otherwise indicated